News

EUR/USD poised to test 1.1500 – Danske Bank

Jakob Christensen, Chief Analyst at Danske Bank, noted the pair still points to another visit to the 1.1500 handle.

Key Quotes

“Besides trade war developments, the majors will be in the hands of inflation data this week”.

“Our quantitative business cycle models continue to point to weakness in the euro-area cycle, whereas the US outlook now seems more decent; this points to a case for (continued) cyclical weakness in EUR/USD, possibly through the equity flow channel”.

“We still see EUR/USD in range but with risks tilted towards another test of the 1.15 level near term, not least if the US takes next steps directed towards Europe”.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.