OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD still targets 1.04 by year-end – Westpac

FXStreet (Edinburgh) - Strategist at Westpac Richard Franulovich expects spot to grind lower towards the 1.04 area by end of 2015.

Key Quotes


“Pockets of weaker US data raising some doubts about EUR downside, especially given how stretched EUR appears and as we approach year-end position squaring pressures”.

“Inclined to look through that and focus on medium term downside potential. Some EUR short profit taking inevitable but if past ECB and Fed QE policy announcements are any guide it should not last more than a week or two before longer term downside resumes”.

“Our year-end 1.04 EUR/USD target still a strong base case”.

Germany Markit Services PMI in line with expectations (55.6) in November

Germany Markit Services PMI in line with expectations (55.6) in November
Read more Previous

European Monetary Union Markit Services PMI registered at 54.2, below expectations (54.6) in November

European Monetary Union Markit Services PMI registered at 54.2, below expectations (54.6) in November
Read more Next
Start livechat