EUR/USD has made a recovery of sorts, moving from the abyss of 1.1510. Can it go even higher? Here is their view, courtesy of eFXdata: TD Research discusses EUR/USD outlook and maintains a structural bullish view in the medium-term targeting a move to 1.28 by year-end. “We flag a few medium-term drivers that underscore our upbeat view on the EURUSD in H2. First, a significant driver of the EUR is the delta of the ECB’s balance sheet (against the Fed). The first chart shows our forecast versus the relative growth of the Fed/ECB balance sheet. The key question to consider is what the EUR’s fair value in the absence of emergency stimulus. With BS growth flat, we suspect this range is 1.25-1.30. Second, the market has forgotten local inflation. Since January 2017, the EUR correlates positively with local 5y5y breakevens. This correlation suggests that the output gap is closing so the EUR can strengthen with improved fundamentals. Taken together, we maintain our upbeat EUR profile, expecting a move to 1.27 by yearend,” TD 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 USD/JPY: Below 100 If Abe Steps Down On A Defeat In September Leadership Election – Nordea Yohay Elam 5 years EUR/USD has made a recovery of sorts, moving from the abyss of 1.1510. Can it go even higher? Here is their view, courtesy of eFXdata: TD Research discusses EUR/USD outlook and maintains a structural bullish view in the medium-term targeting a move to 1.28 by year-end. "We flag a few medium-term drivers that underscore our upbeat view on the EURUSD in H2. First, a significant driver of the EUR is the delta of the ECB's balance sheet (against the Fed). The first chart shows our forecast versus the relative growth of the Fed/ECB balance sheet. The key question to consider… 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.
