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Tag: growth

EUR/USD: A parity breakout this quarter is now a very possible risk – MUFG

EUR/USD: A parity breakout this quarter is now a very possible risk – MUFG EUR/USD: A parity breakout this quarter is now a very possible risk – MUFG

During the month of June, the euro weakened against the US dollar from 1.0723 to 1.0463. In the opinion of economists MUFG Bank, we could see a period of EUR/USD trading below the key psychological level of 1.00. EUR/USD may still bounce in Q4 “We suspect that the risk to US and global equities remains […]

EUR/USD: The road to 1.16 will be much longer – Commerzbank

EUR/USD: The road to 1.16 will be much longer – Commerzbank EUR/USD: The road to 1.16 will be much longer – Commerzbank

What will EUR/USD do in the event of a US recession? The Commerzbank economists still expect the pair to reach the 1.16 level, but it will take much longer than expected. The US dollar will relax significantly in 2023 “Ongoing risks of a recession are likely to put continued pressure on the euro for longer […]

Forex Today – Asian Session: Dollar Bends But Doesn’t Break

Forex Today – Asian Session: Dollar Bends But Doesn’t Break Forex Today – Asian Session: Dollar Bends But Doesn’t Break

What to watch for on Tuesday, June 21: The US dollar ends Monday with modest losses against most major rivals. However, the better tone of the European indices and a public holiday in the United States, led to choppy trading across the currency board. The EUR/USD pair is currently struggling against the 1.0500 level amid […]

S&P 500: December target lowered to 3,900 – UBS

S&P 500: December target lowered to 3,900 – UBS S&P 500: December target lowered to 3,900 – UBS

The more aggressive line of central banks adds to the headwinds of economic growth and equities. UBS economists have lowered their forecast for the S&P 500 to 3,900 points for December. Euro Stoxx December target cut 15% to 3,400 “We now anticipate a Smallest ride up for stocks this year, as slowing economic growth weighs […]

UK: GDP contracts 0.3% in April, a negative surprise

UK: GDP contracts 0.3% in April, a negative surprise UK: GDP contracts 0.3% in April, a negative surprise

UK GDP came in at -0.3% MoM in April vs. 0.2% expected. The GBP/USD pair remains below 1.2300 after the drop in UK GDP. The UK’s monthly GDP release has shown that the economy unexpectedly contracted in April, declining -0.3% vs. 0.2% growth expected and -0.1% prior. For its part, the services index for April […]

USD/JPY remains under pressure, decline looks supported ahead of US CPI.

USD/JPY remains under pressure, decline looks supported ahead of US CPI. USD/JPY remains under pressure, decline looks supported ahead of US CPI.

USD/JPY witnesses fresh selling on Friday amid revival in demand for the JPY as a safe haven. The divergence between the monetary policy of the Fed and the Bank of Japan should limit the yen and give some support to the pair. Investors await US consumer inflation figures for further directional momentum. The pair USD/JPY […]

Forex Today – Asian Session: The Financial World is in Risk Aversion Mode

Forex Today – Asian Session: The Financial World is in Risk Aversion Mode Forex Today – Asian Session: The Financial World is in Risk Aversion Mode

What to watch for on Friday, June 10: The US dollar soared on Thursday as fears gripped financial markets. The catalyst was the European Central Bank, as Lagarde and company reaffirmed their commitment to raise rates in July, although they anticipated a move of 25 basis points. Investors had expected a 50 basis point rise […]

Eurozone: final GDP rises 0.6% quarter-on-quarter in the first quarter compared to the 0.3% expected

Eurozone: final GDP rises 0.6% quarter-on-quarter in the first quarter compared to the 0.3% expected Eurozone: final GDP rises 0.6% quarter-on-quarter in the first quarter compared to the 0.3% expected

The Eurozone economy expanded 0.6% qoq in the three months to March 2022 vs. 0.3% previously, as confirmed by the final review on Wednesday. The market consensus was for a reading of 0.3% in the reporting period. In annualized terms, the bloc’s GDP rate increased by 5.4% in the first quarter, compared to 5.1% registered […]

Forex Today – Asian Session: Dollar Lower, But Not Defeated Yet

Forex Today – Asian Session: Dollar Lower, But Not Defeated Yet EUR/USD: The road to 1.16 will be much longer – Commerzbank

What to watch for on Friday, June 3: The dollar reversed course on Thursday and gave back all of its Wednesday gains and more. Declining government bond yields and tepid US employment data put pressure on the US currency, weighed down later by the positive tone on Wall Street. Concerns related to economic growth and […]

EUR/USD may return to 1.0500 in June – ING

EUR/USD may return to 1.0500 in June – ING EUR/USD: A parity breakout this quarter is now a very possible risk – MUFG

EUR/USD retests the 1.07 support. The contrast with worsening growth outlook in Europe may push EUR/USD back to 1.05 in Junein the opinion of the economists of ENG. Euro struggles to find a solid bullish driver “The last few days seem to have conveyed the message that the Fed’s tightening cycle is based on a […]