OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: a fresh outlook? - Rabobank

FXStreet (Barcelona) - There was no shortage of factors behind this week’s market turmoil.

Key Quotes:

“The fact that this month is set to mark the end of the Fed’s QE programme may be partly responsible for investors’ rush back into safe haven assets”.

“However, a perfect storm had been brewing because the end of QE3 has coincided with the IMF’s downward revisions to its world growth forecast, a slew of shockingly poor German economic data, concerns about stalling growth in China and Japan, a continuation of geopolitical risks and also a rise in Ebola fears”.

“Even though the market may currently be adjusting its expectations regarding how soon the Fed is likely to start hiking rates and shaking out its long USD positions, we still expect EUR/USD to edge towards 1.22 on a 12 mth view”.

Everything points to USD strength - TDS

Analysts at TD Securities explained that recent market turmoil presents tremendous risks on both sides.
Read more Previous

GBP/USD another attempt to 1.6100

There she goes again! The sterling keeps its marginal gains vs. the greenback at the end of the week, lifting once again GBP/USD to the boundaries of 1.6100 the figure....
Read more Next
Start livechat