Economists at Danske Bank now see the EUR/USD range as shifting from 1.18-1.20 to being 1.17-1.19 but stick to their call of 1.23 in six-months time following Powell’s press conference which will likely mean the USD-negative reflation story is set to pause a bit longer. Key quotes “Powell’s press conference will likely mean the USD-negative reflation story is set to pause a bit longer. Thus, our one-month forecast of 1.21 is very unlikely to be realised. Instead, we now see the EUR/USD range as shifting from 1.18-1.20 to being 1.17-1.19.” “Looking ahead three-to-twelve months, we continue to see an economic recovery which is stronger-than-consensus and a resolution of Brexit – all amid calm in intra-European politics. Adding in continued policy support (especially from China), mean we stick to our call of 1.23 in six-moths time.” 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 NZD/USD bounces off multi-day lows, still in the red around 0.6700 mark FX Street 1 year Economists at Danske Bank now see the EUR/USD range as shifting from 1.18-1.20 to being 1.17-1.19 but stick to their call of 1.23 in six-months time following Powell’s press conference which will likely mean the USD-negative reflation story is set to pause a bit longer. Key quotes “Powell’s press conference will likely mean the USD-negative reflation story is set to pause a bit longer. Thus, our one-month forecast of 1.21 is very unlikely to be realised. Instead, we now see the EUR/USD range as shifting from 1.18-1.20 to being 1.17-1.19.” “Looking ahead three-to-twelve months, we continue to see an economic… 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.
