In their latest client note, analysts at ING Bank offer their outlook on the EUR/USD pair, citing that there is further downside in play, in the wake of the recent downward revision to the Euro area growth forecasts by the European Commission. Key Quotes: “Not many reasons to be cheerful. Euro seems unable to get any respite. A stream of weak EZ and German activity data. Another hit by the across the board downward revision of European Commission growth forecasts for major EZ countries. Italy in particular … 2019 growth forecast slashed to 0.2%. With the current mild rebound in USD under way, we continue to look for lower EUR/USD “¦ towards the 1.12 level.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold steadies above $1,310 on global growth concerns FX Street 3 years In their latest client note, analysts at ING Bank offer their outlook on the EUR/USD pair, citing that there is further downside in play, in the wake of the recent downward revision to the Euro area growth forecasts by the European Commission. Key Quotes: "Not many reasons to be cheerful. Euro seems unable to get any respite. A stream of weak EZ and German activity data. Another hit by the across the board downward revision of European Commission growth forecasts for major EZ countries. Italy in particular ... 2019 growth forecast slashed to 0.2%. With the current mild rebound… 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.
