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The Case For Cutting Our EUR/USD Forecasts – Goldman Sachs

The Case For Cutting Our EUR/USD Forecasts – Goldman Sachs

Feb 26, 2015 12:11
EUR/USD has been stuck in range for quite a while, and fails to choose a new direction. How long will this last? The team at Goldman Sachs still sees a downwards move and goes...

Majors»

GBP/USD Forecast Feb. 23-27

GBP/USD Forecast Feb. 23-27

Feb 22, 2015 17:55
The British pound was unchanged last week, as GBP/USD closed at 1.5382. This week’s highlight is Second Estimate GDP. Here is an outlook on the major events moving...
  • EUR/USD Forecast Feb. 23-27
    EUR/USD Forecast Feb. 23-27
    EUR/USD was heavily influenced by every headline related to Greece and the positive finish to the week provides...
    on Feb 21, 2015 14:00
  • Forex Weekly Outlook Feb. 23-27
    Forex Weekly Outlook Feb. 23-27
    The US dollar was mixed in a week dominated by Greek headlines. US Consumer Confidence, inflation data, GDP numbers from...
    on Feb 20, 2015 17:17
  • USD/JPY Forecast Feb. 16-20
    USD/JPY Forecast Feb. 16-20
    USD/JPY was unchanged last week, as the pair closed at 118.67. This week’s key events are Preliminary GDP...
    on Feb 15, 2015 18:32

Minors»

USD/JPY Forecast Feb. 23-27

USD/JPY Forecast Feb. 23-27

Feb 22, 2015 15:29
USD/JPY was unchanged for a second straight week, as the pair closed just below the 119 line. There are seven events this week. Here is an outlook on the major events moving...
  • AUD/USD Forecast Feb. 23-27
    AUD/USD Forecast Feb. 23-27
    The Australian dollar posted modest gains last week, as AUD/USD closed at 0.7836. This week’s key event...
    on Feb 22, 2015 12:02
  • USD/CAD Forecast Feb. 23-27
    USD/CAD Forecast Feb. 23-27
    The Canadian dollar posted modest losses last week, as USD/CAD closed at 1.2528. This week’s highlight...
    on Feb 22, 2015 11:50
  • NZD/USD Forecast Feb. 23-27
    NZD/USD Forecast Feb. 23-27
    The New Zealand dollar  enjoyed more positive data from the local economy and advanced against the USD and the...
    on Feb 22, 2015 11:14

Basics & Industry»

Questions for traders, State of Fed, Greek crisis, oil, gold and GBP – Market Movers #38

Questions for traders, State of Fed, Greek crisis, oil, gold and GBP – Market Movers #38

Feb 20, 2015 11:15
A packed show awaits you, our listeners, in which we cover a wide variety of market moving events, covering commodities, the next moves in the dollar, euro and pound as well...

Recent Articles

Investors Excited Over Markets’ Easy Reputation

Investors Excited Over Markets’ Easy Reputation

Global equities reached new all-time highs as European bond yields sank to new lows as investors position themselves ahead of next week’s European Central Bank meeting. Markets are preparing for the next leg of the “Global QE Era” as participants expect more plans concerning Europe’s bond-buying scheme now that the latest Greek crisis has been

EUR/USD finally falls out of range – more to come?

EUR/USD finally falls out of range – more to come?

EUR/USD was stuck in a narrow range throughout February. However, in the penultimate day of the month, the pair finally moves lower and trades at the lowest since January 27th. The trigger was a one-two punch from the US: bullish words from Bullard and solid inflation data, that emerged as a winner from a big bulk of

US data is good enough – USD stronger

US data is good enough – USD stronger

Lots of numbers: jobless claims disappointed with a rise to 313K, worse than expected. CPI fell 0.7% m/m, more than expected, but due to oil. Core CPI actually rose +0.2%, better than expected. Y/y -0.1% in the headline number and 1.6% in core CPI. Durable goods orders rose 2.8%. However, durable goods orders rose by

Bullish Bullard Boosts the Buck

Bullish Bullard Boosts the Buck

FOMC member James Bullard, who has moved markets more than once, did it again: he dismissed the US dollar’s effect on the economy. His description of a stronger dollar on the economy as “marginal. His comments contributed to a stronger greenback. EUR/USD is trading in the lower end of the range, around 1.1313. Bullard also referred to the

The Case For Cutting Our EUR/USD Forecasts – Goldman Sachs

The Case For Cutting Our EUR/USD Forecasts – Goldman Sachs

EUR/USD has been stuck in range for quite a while, and fails to choose a new direction. How long will this last? The team at Goldman Sachs still sees a downwards move and goes further to cut forecasts to lower ground for the next 3,6 and 12 months. Here is their rationale and the chart: Here

EUR/USD: Trading the Preliminary US GDP

EUR/USD: Trading the Preliminary US GDP

US Preliminary GDP (also referred to as Second Release GDP) measures the growth of the economy. Analysts consider GDP one the most important indicators so the Preliminary GDP report can have a significant impact on the movement of EUR/USD. A reading which is higher than the market forecast is bullish for the dollar. Here are all the details, and

UK GDP +0.5% as expected – GBP/USD holds high ground

UK GDP +0.5% as expected – GBP/USD holds high ground

The UK economy grew 0.5% q/q in the last quarter of 2014, also according to the second release. Y/y remains 2.7%. Total business investment rose 2.1% y/y but dropped 1.4% q/q, much worse than expected. The Index of Services rose 0.8%, somewhat better than predicted. GBP/USD is stable around 1.15525. The headline “as expected” result in the most

Tensions subside

Tensions subside

With the dust having cleared from the Swiss franc move, the Greece situation having been resolved (at least for now) and twenty central banks having now eased policy so far this year, FX volatility has been falling in the past week, like a caped fallen Madonna from a Brits Award stage. The CB CVIX index

Upbeat euro-zone data leaves EUR/USD unchanged

Upbeat euro-zone data leaves EUR/USD unchanged

Another strong figure from Germany: the number of unemployed dropped by 20K, double the expectations. The unemployment rate remains at a low 6.5%. This is good news for Angela Merkel. Alos thee all European data is better than expected: M3 Money Supply accelerated to 4.1%, and private loans have squeezed by only 0.1%. The figures are

Despite Setbacks, Stay Strategically Bullish On USD – ANZ

Despite Setbacks, Stay Strategically Bullish On USD – ANZ

The US dollar has been hit by a dovish interpretation of Janet Yellen’s words and by some kind of correction. Nevertheless, the team at ANZ still sees a case for staying strategically bullish on the greenback, and explains why: Here is their view, courtesy of eFXnews: Despite recent setbacks, the USD is continuing to receive an