The EUR/USD pair reached 1.23 right after the Democratic win in Georgia but has grinded lower recently, as markets have begun questioning the Fed’s plan to keep rates low for as long as it currently signals. Analysts at Danske Banke see EUR/USD around 1.22 in the firsts quarter, before a move towards 1.16 in 12 months on US economic outperformance in the second half of the year. Key quotes “With the Fed leaning into the new narrative of a strong US economy and the high likelihood we will see more US easing, EUR/USD upside risks have faded somewhat, although not entirely.” “Evidence has also increased that we should indeed expect to see lower Chinese PMIs and thus fading tailwinds for global manufacturing.” “We shift our 1M EUR/USD forecast from 1.24 to 1.22.” “Our view of a stronger USD remains primarily centred as a H2 story, with 12M at 1.16.” 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 CFTC Positioning Report: EUR net longs regain traction FX Street 2 years The EUR/USD pair reached 1.23 right after the Democratic win in Georgia but has grinded lower recently, as markets have begun questioning the Fed’s plan to keep rates low for as long as it currently signals. Analysts at Danske Banke see EUR/USD around 1.22 in the firsts quarter, before a move towards 1.16 in 12 months on US economic outperformance in the second half of the year. Key quotes “With the Fed leaning into the new narrative of a strong US economy and the high likelihood we will see more US easing, EUR/USD upside risks have faded somewhat, although not… 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.
