EUR/USD: Year-end forecast stands at 1.00.

EUR/USD has moved below parity. While economists at ABN Amro expect the euro to remain under pressure, they expect the pair to end the year around parity. Lower safe-haven demand could result in a recovery of EUR/USD.“An energy crisis and a recession in the eurozone combined with a more aggressive path of rate hikes inContinue reading “EUR/USD: Year-end forecast stands at 1.00.”

EUR/USD: At risk of falling below the 0.95 level.

Economists at Rabobank see scope for further USD gains vs. the EUR and note that the EUR/USD pair could slide below the 0.95 level.Concerns over growth to underpin the greenback.“Since the USD is a safe haven, concerns that the US could tip into recession next year are set to be USD supportive.” “The USD isContinue reading “EUR/USD: At risk of falling below the 0.95 level.”

GBP/USD drops toward the 1.1250 area after BoE’s hike.

The BoE raised rates to 2.25%, though the interest rate differential with the Fed capped upward pressure on the GBP/USD. US Initial Jobless Claims again exceeded estimations, justifying the case for yesterday’s Fed rate hike. The British pound oscillates around its opening price, following consecutive monetary policy decisions of the Bank of England, earlier risingContinue reading “GBP/USD drops toward the 1.1250 area after BoE’s hike.”

EUR/GBP Price Analysis: Buyers stepped in around 0.8700, defending a two-week-old trendline.

The EUR/GBP keeps the upward bias intact, despite piercing 0.8700 earlier in Thursday’s session.EUR/GBP Price Analysis: Break above 0.8760 to pave the way for higher prices; otherwise, a fall toward 0.8625 is on the cards. The EUR/GBP climbs after testing a two-week upslope trendline, drawn from the September 2 and 14 lows that pass throughContinue reading “EUR/GBP Price Analysis: Buyers stepped in around 0.8700, defending a two-week-old trendline.”