Trade wars dominate the headlines and they affect markets. But what does it mean for the euro? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses EUR/USD outlook and advises against engaging in short exposure amidst the ongoing global trade wars. “While we think that the risks to global and European growth stemming from the rampant US protectionism have increased of late, there are a couple of caveats one should consider before using this as a reason to sell EUR/USD. The first caveat is the fact that Trump’s trade war may prove less damaging for the Eurozone recovery over the long-term especially if the economic rebound remains driven by domestic demand – e.g. household spending and business investment… The second caveat is the fact that the US protectionism will most likely play out as a drag on global (including US) growth,” CACIB argues. “In all, we don’t think that markets will turn outright negative on EUR/USD on the back of the rampant US protectionism alone,” CACIB concludes. 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 EUR/USD: Buy the dips circa 1.1510/1.1450 – Societe Generale FX Street 3 years Trade wars dominate the headlines and they affect markets. But what does it mean for the euro? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses EUR/USD outlook and advises against engaging in short exposure amidst the ongoing global trade wars. "While we think that the risks to global and European growth stemming from the rampant US protectionism have increased of late, there are a couple of caveats one should consider before using this as a reason to sell EUR/USD. The first caveat is the fact that Trump's trade war may prove less damaging for the Eurozone… Top 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.
