It is not always about fundamentals and technicals, but rather flows. Treasuries could have a significant impact on EUR/USD: Here is their view, courtesy of eFXnews: The Treasury expects to draw down USD290bn from its deposits in Q1, which will add a corresponding amount of USD to the market. This amounts to a 9% increase in the monetary base. If the US debt ceiling is not re-suspended or increased above the present debt level before 15 March, the cash buffer may be drawn down further to around USD23bn adding about USD80bn more to the market. Since the US Treasury has committed to keeping a cash buffer of around USD500bn, a near-term fall in deposits would be rebuilt over the medium term. The USD cash deluge is near-term negative for the USD, but not enough to offset support vis-à-vis EUR  and Scandi currencies from relative rates and growth. We forecast EUR/USD at 1.05 in 3M. Medium and long-term we are bearish USD and forecast EUR/USD at 1.12 in 12M. 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 Opinions share Read Next EURUSD, NZDUSD, XAUUSD TA – January 20 2017 John Benjamin 6 years It is not always about fundamentals and technicals, but rather flows. Treasuries could have a significant impact on EUR/USD: Here is their view, courtesy of eFXnews: The Treasury expects to draw down USD290bn from its deposits in Q1, which will add a corresponding amount of USD to the market. This amounts to a 9% increase in the monetary base. If the US debt ceiling is not re-suspended or increased above the present debt level before 15 March, the cash buffer may be drawn down further to around USD23bn adding about USD80bn more to the market. Since the US Treasury has… 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.
