EUR/USD has been pressured but always manages to recover. What’s next? Trade wars will have the impact. Here is their view, courtesy of eFXdata: Danske Research discusses the USD outlook and flags further strength on the back of ongoing trade tensions. “When the trade issue surfaced at the start of the year, the US rhetoric was largely associated with a political push for a weaker USD but lately regular economic channels have started to take over. This has changed the impact of trade tensions on, notably, the USD. Near-term, the scorecard highlights the case for USD support if the trade dispute escalates. The Scandi currencies and the EUR are particularly vulnerable. While EUR/USD could slide towards 1.15 on this, we do not see much further downside in the cross than that from the ECB already being dovishly priced and the Fed increasingly alert to the negative impact of a trade war,” Danske argues. 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 Forex News Today: Daily Trading News share Read Next India: Getting out of a rough patch – TDS FX Street 5 years EUR/USD has been pressured but always manages to recover. What's next? Trade wars will have the impact. Here is their view, courtesy of eFXdata: Danske Research discusses the USD outlook and flags further strength on the back of ongoing trade tensions. "When the trade issue surfaced at the start of the year, the US rhetoric was largely associated with a political push for a weaker USD but lately regular economic channels have started to take over. This has changed the impact of trade tensions on, notably, the USD. Near-term, the scorecard highlights the case for USD support if the trade… 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.
