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Forex Flash: EUR/USD to go towards 1.26 - UBS

FXstreet.com (Córdoba) - "We have been looking for EURUSD to break the uptrend for a couple of weeks now, and it finally happened", says the UBS analyst team.

"Part of the explanation for EURUSD to fall is softer commodity prices which support the greenback. Part of the explanation is Bundesbank President Weidmann, who discussed quite openly the option of a rate cut. This is a first signal that the German economy might worsen. Finally, worries about Italy remain an issue", they comment. "We continue to expect EURUSD to go towards 1.26".

Forex Flash: GBP/USD year-end target remains at 1.45 – Scotiabank

The sterling is losing more than one big figure on Wednesday, dragged lower by softer figures from the UK labour market and the inconclusive BoE minutes, repeating the split voting pattern on further stimulus....
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Forex: EUR/USD trades back at intra-day lows

After attempting to recover from the 1.3000 level, the EUR/USD was capped at 1.3050 following the Fed's Beige Book. Now the pair is trading at 1.3015, 1.20% below opening price. Pair is trading slightly bearish according to the FXstreet.com trend index.
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