EURUSD moves back into longs following sharp breakout – by fx_ross EURUSD Technical Analysis DollarIndex US Elections
will be critical. It will be scrutinized and analysts at TD Securities suggested that Core prices likely slowed modestly in October but to a still strong 0.4% MoM pace.'' All told, our MoM forecasts imply 7.9%/6.5% YoY for total/core prices.
'A below consensus print is likely to help push the pricing for the terminal funds rate modestly lower, likely bull steepening the curve in the process,'' analysts at TD Securities argued. ''The risk of a lower reading is why we took profit on our 2s10s curve steepener last week and went long 10y Treasuries, which we viewed as attractive,'' they said.
''The positive sentiment surrounding the EUR in late October and into the first day of November reflects the impact of both the 75 bps rate hike from thelast month and the relief that came from the falling back of European gas prices in October. Helped also by a broadly softer greenback in recent days, EUR/USD is currently testing parity and pushing up against its 100 day sma. A break above could encourage more buyers in the near term.
''However, in our view, fundamentals are still bias towards further downside pressure for the currency pair in the coming months, meaning we would view rallies as an opportunity to sell. In particular we don’t see the EUR as being priced for the impact of winter 2023 and what a prolonged period of expensive energy may mean for the German business model, Europe’s trade and current account balances and the value of the EUR.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
EURUSD Price Analysis: Bears eye a move into the impulseThe US Dollar collapsed on Friday after the US Nonfarm Payrolls report for October showed the world's largest economy created more new jobs than expec
Baca lebih lajut »
EURUSD stays defensive above 0.9900 despite the bearish gap, US inflation eyedEURUSD bears retake control during early Monday, after posting the biggest daily jump since December 2015, as the risk profile deteriorates. That said
Baca lebih lajut »
EURUSD could drop to 0.9400 over three months on US-EU policy divergence – Goldman SachsAnalysts at Goldman Sachs, in their latest client note, revised the EURUSD price forecast lower for the next three months, in the face of divergent US
Baca lebih lajut »
EURUSD inclines towards 0.9950 as DXY turns sideways, Eurozone Retail Sales eyedThe EURUSD pair is marching gradually toward the immediate hurdle of 0.9950 in the Tokyo session. The asset is mostly trading sideways amid mixed resp
Baca lebih lajut »
EURUSD turns positive and targets the parity zoneEURUSD adds to Friday’s advance and flirts with the 0.9970 region at the beginning of the week. EURUSD supported around 0.9900 The initial knee-jerk i
Baca lebih lajut »
Goldman Sachs downgrades three-month EURUSD forecast to 0.9400 from 0.9700Research Analysts at Goldman Sachs (GS) cut down their EURUSD forecasts in the latest report, published late Monday. That said, the investment bank no
Baca lebih lajut »