OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: EUR/USD slated to rise on bearish USD – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “Our long-term views on the EUR/USD are driven by our structural bearish stance on the USD. The weak balance of payments of the US vs. the stronger BBoP trend for the Euro area still implies a weak USD and a stronger EUR.”

Following the announcement of the ECB’s OMT program in September, there has been a strong rally in the EUR due to a perceived reduction in Euro area tail risk. “Despite this rally, many investors have substantially reduced EUR exposure during the crisis, including central banks and further normalization could push EUR/USD higher.” notes the team.

While downside risk remains in the Euro area due to policy implementation risk and growth underperformance linked to front-loaded fiscal tightening, in the longer run – and after more 'muddling through' – “we expect gradual progress with deeper integration in the Euro area, which should ultimately boost the EUR.” they add.

Forex Flash: NOK/SEK could find downside pressure this week – Danske Bank

The pair is retracing earlier gains after posting fresh monthly highs in the proximities of 1.1660 ahead of the Riksbank monetary policy meeting due on February 13. Market consensus still...
Read more Previous

Forex: EUR/GBP eyes 0.8550

The pair is extending its intraday upside on Monday, trading in the upper end of the range and closer to 0.8550...
Read more Next
Start livechat