OctaFX | OctaFX Forex Broker
Open trading account

EUR to trend towards 1.2800 - Rabobank

FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank explained that the ECB President Draghi will also be present at the Jackson Hole event, and eye the EUR lower 12 months view.

Key Quotes:

“In contrast to his US counterparts, he comes to the conference following a trail of weak economic releases from core Eurozone nations”.

“This morning, German August PMI data are modestly softer than the previous month’s data, this follows a weak German GDP report for Q2 and ongoing fears about the impact of Russian sanctions on both Germany and the broader Eurozone economy”.

“Although the ECB’s TLTROs are yet to start, there is a strong likelihood that the ECB will again warn about the risk of further policy easing. We expect EUR/USD to trend towards 1.28 on a 12 mth view and would look to sell rallies in EUR/USD.

CAD technical outlook in a snap shot – TDS

Analysts at TD Securities noted that the technical conditions around the Canadian Dollar and crosses.
Read more Previous

AUD/JPY rises to 14-month highs

The AUD/JPY broke above 96.50 and climbed to 96.59 reaching the highest price since June 2013.
Read more Next
Start livechat