EUR/USD is moving up and down but has not picked a clear direction. What’s next for the pair? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses the EUR outlook in light of the latest Q1 COFER data. “The increase in EUR share of reserves in Q1 (from 20.2% to 20.4%) was less than expected…That said, we are less optimistic about the prospects of further CB diversification into EUR over coming quarters. The widening in Italian spreads in late May and rising uncertainty on institutional reforms in the Eurozone will likely dampen demand for EUR assets. The turn in sentiment towards EUR reserve holdings should also support our bearish EUR/USD forecasts as the headwinds from the official sector dissipate into Q3, allowing the USD to benefit more from strong fundamentals and repatriation flows,” BofAML argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next NZD: Could See Another S/T Bounce; Risk For Next Week’s Q2 CPI Data Skewed To The Downside – ANZ Yohay Elam 5 years EUR/USD is moving up and down but has not picked a clear direction. What's next for the pair? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses the EUR outlook in light of the latest Q1 COFER data. "The increase in EUR share of reserves in Q1 (from 20.2% to 20.4%) was less than expected...That said, we are less optimistic about the prospects of further CB diversification into EUR over coming quarters. The widening in Italian spreads in late May and rising uncertainty on institutional reforms in the Eurozone will likely dampen demand for EUR assets.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
