• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 6:10pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 6:10pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft
  • Story Log
User Time Action Performed
  • 6 Reasons Why We Still Bearish On The Euro Targeting 1.27 In Q1? - BofA Merrill

    From efxnews.com

    Bank of America Merrill Lynch adjusted its EUR/USD forecasts upward but remained aggressively bearish. BofA now expects the cross to weaken to 1.27 in Q1 and 1.22 by the end of the year – a small upward revision from its latest projection of 1.20. BofA outlines the following 6 reasons behind this bearish call: -BofA expects the continued recession in the Eurozone and an increase in risk aversion from substantial US fiscal tightening to weigh on the euro during the year. -BofA projects Eurozone GDP to drop by another 0.4% in 2013 as fiscal consolidation and bank deleveraging continues, compared with a consensus drop ... (full story)

  • Comments
  • Comment
  • Subscribe
  • Post #1
  • Quote
  • Jan 11, 2013 7:21am Jan 11, 2013 7:21am
  •  Mini Trader
  • | Joined May 2009 | Status: Member | 57 Comments
There's only one reason:
This article is pure BS!
  • Post #2
  • Quote
  • Jan 11, 2013 7:27am Jan 11, 2013 7:27am
  •  Gulfamkhan
  • | Joined Jan 2013 | Status: Member | 3 Comments
May be US is very upset after eur zone performance. Now he is watching day light dreams.
  • Post #3
  • Quote
  • Jan 11, 2013 7:28am Jan 11, 2013 7:28am
  •  love.l0ve
  • | Joined May 2012 | Status: Member | 96 Comments
bullshit
  • Post #4
  • Quote
  • Jan 11, 2013 8:00am Jan 11, 2013 8:00am
  •  michaelpelly
  • Joined Oct 2012 | Status: Member | 1,992 Comments
Well - I it is really surprising how lack of really bad news from EZ for like 6 weeks return the confidence in this shaky currency. The clown Barosu even declared official "end of crisis".

One advise for "long term" longs on levels above 1.33xxx - just check the unemployment rates (m/m changes) in Greece, Spain and the default risk for Cyprus.

And lets guess what will happen when in 4 months greeks "eat"-up the bailout money lend to them - what next?! More GDP% dept? More money from Germany? (elections coming in Nov-2013).

Be careful with EUR/USD 1.4xxx hopes.

The current range 1.33xx - 1.27xx is a good trading opportunity.

It is not impossible for EUR to drop again to 1.22xx - no matter what the other clown - Draghi is reading on the video screen...
  • Post #5
  • Quote
  • Jan 11, 2013 8:01am Jan 11, 2013 8:01am
  •  Bigal75
  • | Joined Mar 2012 | Status: Member | 3 Comments
It's all about trying to be competitive on the trade among the countries, don't worry, Eur/Usd going up.
  • Post #6
  • Quote
  • Jan 11, 2013 8:06am Jan 11, 2013 8:06am
  •  Guest
  • | IP XXX.XXX.172.227
I personally think.. I won't bearish coming 1-2mouth... US still need to face their own big problem "Fiscal Cliff!"- february
  • Post #7
  • Quote
  • Jan 11, 2013 8:18am Jan 11, 2013 8:18am
  •  ronenasp
  • | Joined Jun 2009 | Status: Member | 1 Comment
there r 6 reasons ... open full story.
  • Post #8
  • Quote
  • Jan 11, 2013 8:34am Jan 11, 2013 8:34am
  •  funske
  • | Joined Apr 2008 | Status: Member | 131 Comments
Quoting michaelpelly
Disliked
Well - I it is really surprising how lack of really bad news from EZ for like 6 weeks return the confidence in this shaky currency. The clown Barosu even declared official "end of crisis".

One advise for "long term" longs on levels above 1.33xxx - just check the unemployment rates (m/m changes) in Greece, Spain and the default risk for Cyprus.

And lets guess what will happen when in 4 months greeks "eat"-up the bailout money lend to them - what next?! More GDP% dept? More money from Germany? (elections coming in Nov-2013).

Be careful...
Ignored
O dear, trading can be so cruel.
  • Post #9
  • Quote
  • Jan 11, 2013 8:39am Jan 11, 2013 8:39am
  •  gat
  • | Joined Dec 2009 | Status: Member | 798 Comments
Goldman or BoA. Up or down. hmm
  • Post #10
  • Quote
  • Jan 11, 2013 9:54am Jan 11, 2013 9:54am
  •  Mr D.
  • | Joined Jul 2009 | Status: Member | 50 Comments
Eur, The most powerful currency on earth. Economy in the toilet and has climbed 6 straight months without a red candle and today hit an 11 month high. It is approching the 5o% 2year retracement on the EUR/USD. I know the fed keeps the dollar weak and the Zone does the opposite but what idiots are buying this garbage currency at these prices. I will sell at the first oportunity. EUR can kiss my Arse. Bye Bye Eur forever. I have to agree with BAC
  • Post #11
  • Quote
  • Jan 11, 2013 12:19pm Jan 11, 2013 12:19pm
  •  Ca2m
  • | Joined Dec 2009 | Status: Member | 69 Comments
So many euro bulls out there today - typical market top chatter - if i were smart id prob statr nibbling withn some shorts right about here
  •  Guest
  • | IP X.XXX.156.34
Join FF
  • Story Stats
  • Posted: Jan 11, 2013 6:48am
  • Submitted by:
     eFx Newz
    Category: Fundamental Analysis
    Comments: 11  /  Views: 3,361
Top of Page Default Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2021