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.”

GBP/USD may face further downside risks .

The GBP’s recent decline has been dramatic. Wider deficits and bigger debt burdens need to be financed by foreign inflows – which may require further FX adjustment, according to economists at HSBC. UK’s structural concerns dominate.“The UK’s public finance position (in terms of relative debt dynamics) is going to worsen materially in the year ahead.Continue reading “GBP/USD may face further downside risks .”

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.”

EUR/USD snaps five-day downtrend near 0.9650 with eyes on ECB’s Lagarde, US data.

EUR/USD prints the first daily gains in six around 20-year low.Markets consolidate recent moves amid light calendar, mixed headlines. EUR/USD picks up bids to add strength to the early Asian session rebound near 0.9650. Even so, the major currency pair remains sidelined as traders await the key catalysts while paring the latest losses at theContinue reading “EUR/USD snaps five-day downtrend near 0.9650 with eyes on ECB’s Lagarde, US data.”