The Goldman Sachs Research Team published its outlook for currencies in 2020 late Monday, with the key highlights found below. “Risks to the dollar are arguably skewed to the downside, and we would pivot to a more bearish outlook if we were to see (i) a more robust recovery in the Euro Area, (ii) a bigger rollback of tariffs on China, and/or (iii) more rate cuts from the Fed. The euro is 15% undervalued and that positioning in shorts is overcrowded. However, not confident that a turn is coming soon and forecast a rise to 1.15 in 12 months. Expect a deal dividend to push Cable to 1.35 in three months and 1.37 in 12 months. There have already been large inflows as the probability of a cliff-edge exit diminished over the last couple months, but this has barely dented the overall picture of a material Sterling underweight. See a strong upside case for the Swedish krona, particularly against the euro. Most-negative on the Swiss franc. See a positive case for NZD against AUD and USD. See CAD broadly range-bound versus USD. Like the LatAm region and believe MXN is the best bet.” 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 Gold technical analysis: Off lows, bull RSI divergence on 1H FX Street 3 years The Goldman Sachs Research Team published its outlook for currencies in 2020 late Monday, with the key highlights found below. "Risks to the dollar are arguably skewed to the downside, and we would pivot to a more bearish outlook if we were to see (i) a more robust recovery in the Euro Area, (ii) a bigger rollback of tariffs on China, and/or (iii) more rate cuts from the Fed. The euro is 15% undervalued and that positioning in shorts is overcrowded. However, not confident that a turn is coming soon and forecast a rise to 1.15 in 12 months.… 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.
