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EUR On A Short Leash, GBP Struggles, & JPY Gets Boring - Nordea
The following is the key outlook for the FX market this week as provided by Aurelija Augulyte, a senior FX analyst at Nordea Markets. Where is EURUSD headed? What is fair value? The amount of fear and anxiety suggests the move above 1.40 will be painful for the complacent USD bulls. If you take the pre-crisis “normal” at face value, normalization will ultimately lead the EURUSD to above 1.40… Is ECB worried? - No, if you ask Germans. But PMIs came out softer last week, and inflation is reported this week, with the consensus for unchanged (1.1%) against our expectation for downside risks. Also, excess liquidity ... (full story)
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I'm short humanity, and long interplanetary travel. Forexkong.kom