Analysts at Goldman Sachs offer their outlook on the EUR/USD pair on the likely European Central Bank (ECB) monetary policy decision due this Thursday. Key Quotes: “ECB may be more focused on steepening the yield curve that easing lending conditions. If so, that argues for less QE and more rate cuts. That’s a scenario that could lead to short-term euro selling as it’s used to fund carry trades. This weakness would be short-lived in our view, and would be an attractive entry point for EUR longs. The more EUR is used as a funding currency, the more it is likely to rally should a risk shock lead to carry trade unwinds. We think any risk rally in the coming weeks is tactical and unlikely to last long, so this unwind seems likely to us.” 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 Ethereum price analysis: ETH/USD recovery gaining traction FX Street 4 years Analysts at Goldman Sachs offer their outlook on the EUR/USD pair on the likely European Central Bank (ECB) monetary policy decision due this Thursday. Key Quotes: "ECB may be more focused on steepening the yield curve that easing lending conditions. If so, that argues for less QE and more rate cuts. That's a scenario that could lead to short-term euro selling as it's used to fund carry trades. This weakness would be short-lived in our view, and would be an attractive entry point for EUR longs. The more EUR is used as a funding currency, the more it is likely… 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.
