Forex
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EUR/USD: A Sell On Rallies Targeting 1.02 In 1-Month – Danske
We lower our 1M EUR/USD forecasts to 1.02 (1.05 previously) but maintain our 3M forecasts at 1.04, 6M forecasts at 1.08 and 12M forecasts at 1.12.
The lowering of our 1M forecast reflects partly ‘a rolling’ of our monthly Read More →
Markets expecting a rate increase from the Fed; USD hesitant
As a preliminary gauge of sentiment we saw that US equities closed once again higher ahead of the Fed’s FOMC latest policy communication. Asia is also currently in positive although initially there seemed to be some market caution ahead of Read More →
USDJPY – US Dollar Preparing For a Correction Vs Yen?
Key Points
- The US Dollar traded higher against the Japanese yen until it found sellers near 118.65.
- There is a bullish trend line formed on the hourly chart Read More →
USD Increasingly Overvalued But EUR/USD Still Set To Test Parity N-Term – ANZ
How far and how long the dollar’s appreciation will continue is increasingly coming into focus.
From a valuation perspective, the dollar is becoming increasingly overvalued. Based on relative producer prices and the Big Mac framework, PPP estimates suggest it Read More →