EUR/USD could hit 1.20 if energy crisis is really over .

If the energy crisis is really over, there is a long way for the Euro to rise, according to economists at Société Générale.EUR/USD can get close to 1.20 .“Our end-2022 forecast for EUR/USD is 1.12, and we’re conscious that the currency is rising much faster than expected. If we could get our heads properly around the idea that the energy crisis is over despite the war in Ukraine rumbling on and Russian gas flows to Europe having largely dried up, we’d need to raise the forecast to around 1.20.”

“No need for a risk premium due to the fragility of gas supplies? No doubts that the global LNG market can grow in time for next winter? Take out those concerns and European recession risks melt away, leaving all the focus on the ECB.”

EUR/USD slides below 1.0800, holds within familiar levels

The EUR/USD pair trades a handful of pips below the 1.0800 mark, giving up to broad US Dollar demand as risk aversion dominates financial markets. Hawkish ECB officials, including President Christine Lagarde, limit EUR downside.

EUR/USD News

GBP/USD hovers around 1.2350, unable to attract investors

GBP/USD consolidates around 1.2350 as market participants digest United Kingdom´s latest news. Risk-off flows prevent the Pound from gaining upward traction, as global equities maintain the bearish route.

GBP/USD News

Gold: Buyers maintain the pressure with eyes on $2,000

Risk aversion dominates financial markets on Thursday, helping XAU/USD to extend its gains towards the weekly high. The bright metal met buyers near the $1,900 threshold and currently trades around $1,920, holding on to early gains.

Gold News

Is optimism among Bitcoin traders a signal of a bigger BTC breakout to come?

Bitcoin price climbed above the key $21,000 level on January 18, after the release of lower-than-expected US inflation data in the form of the Producer Price Index (PPI), fueled a bullish narrative for risk assets, including cryptocurrencies, among investors.