Jens Pedersen, Senior Analyst at Danske Bank, still sees the pair falling below the 1.1300 handle in the next couple of months. Key Quotes “USD a tad weaker on as midterm result became known (with tail risk of Republican full control of Congress priced out), but the widely expected midterm result is unlikely to be a game changer for G10 FX markets: USD is set to enjoy continued support from US cyclical and carry outperformance”. “A lame-duck Trump only adds marginally to the list of USD positives: new fiscal initiatives should be minimal (i.e. no tax reform 2.0) and the trade dispute should stay confined to China (i.e. not spreading)”. “We expect a US-China trade deal further out, but this is not imminent, and hence any relief for EUR/USD from this should not be expected until well into 2019. Hence, we still look for EUR/USD to move below 1.13 before year-end”. 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 EUR/USD Technical Analysis: Euro bulls find support at 1.460 level as new buyers join the bull party FX Street 4 years Jens Pedersen, Senior Analyst at Danske Bank, still sees the pair falling below the 1.1300 handle in the next couple of months. Key Quotes "USD a tad weaker on as midterm result became known (with tail risk of Republican full control of Congress priced out), but the widely expected midterm result is unlikely to be a game changer for G10 FX markets: USD is set to enjoy continued support from US cyclical and carry outperformance". "A lame-duck Trump only adds marginally to the list of USD positives: new fiscal initiatives should be minimal (i.e. no tax reform 2.0) and the… 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.
