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Forex Flash: EUR/USD would keep 1.300 longer-term – Danske Bank

The bloc currency is pushing higher on Thursday, hovering over session highs around 1.3035/40 ahead of key data from Germany followed by the ECB gathering. Market consensus remains biased towards a dovish press conference by President Draghi that would weight on the euro.

“Looking beyond the short term, the key risk for the euro is not a 25bp refi rate cut, but a potential deposit rate cut. Given the USD 85bn of monthly QE in the US, a refi rate cut would most likely not be enough to trigger a sustained trend lower and we still expect EUR/USD to trade in the 1.30s and not 1.20s”, assessed K.Kirkegaard, Senior Analyst at Danske Bank.

Forex: EUR/USD boosting up ahead of bond auctions

Growing risk sentiment ahead of the ECB is making its impact on the FX market, contributing to a new wave of bids on the EUR/USD, now up to 1.3037. Above is Thursday's close of 1.3048, then the weekly high of 1.3076 before heading towards the 1.3100 psychological level.
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Forex Flash: No surprises at the BoJ - Societe Generale

Kit Juckes, Global head of Currency Strategy at Societe Generale notes that there was no surprise and no change from the BOJ last night.
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