Markets are back to full throttle after the long weekend in the US and the UK. The yen is stronger and the euro is weaker. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital Research sees scope for near-term EUR/USD depreciation as investors take profit on long EUR positions ahead of the June ECB meeting and the recent USD sell-off dissipates. “The ECB seems to be indicating only a very slow change to its guidance in June as most members are concerned about a bond market tantrum. Rates markets appear to have re-priced to reflect those expectations, with EURUSD lagging the move,” Barclays argues. Barclays continues to forecast EUR/USD at 1.09 by quarter-end. Turning to USD/JPY, Barclays notes that the the pair remains top heavy, weighed by slowing global economic momentum and Trump uncertainty. “The pair should remain driven by global dynamics, including May sentiment indices globally and key US data,” Barclays adds. Barclays continues to forecast USD/JPY at 112 by quarter-end. EUR/USD is trading circa 1.1135, and USD/JPY circa 111.25 as of writing, 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 drops to low support on Draghi, Greece Yohay Elam 6 years Markets are back to full throttle after the long weekend in the US and the UK. The yen is stronger and the euro is weaker. What's next? Here is their view, courtesy of eFXnews: Barclays Capital Research sees scope for near-term EUR/USD depreciation as investors take profit on long EUR positions ahead of the June ECB meeting and the recent USD sell-off dissipates. "The ECB seems to be indicating only a very slow change to its guidance in June as most members are concerned about a bond market tantrum. Rates markets appear to have re-priced to reflect those expectations, with… 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.
