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  • Goldman Sachs Cuts Its EUR/USD Forecasts

    From efxnews.com

    Goldman Sachs cuts its EUR/USD forecast and now expects the pair to trade at 1.23, 1.20 and 1.15, in 3, 6 and 12 month from 1.29, 1.25 and 1.20 previously. GS expects EUR/USD to fall to parity by the end of 2017. "Overall, we think current levels in EUR/$ do not yet reflect the kind of balance sheet expansion that ECB President Draghi has mentioned. As the market becomes more comfortable that the ECB will bring its balance sheet back to early-2012 levels, we think we will see more Euro weakness," GS projects. "In addition, our European Economists see downside risks to the ECB’s inflation and growth forecasts, ... (full story)

GS says EU will fall to parity soon.
That means we should buy EURUSD now I guess.
  •  Guest
  • | IP XXX.XX.246.51
on the contrary. it means EURUSD will fall and fall, and that means selling and not buying
I do understand that this is what the GS statement implied.
However I dont trust their words much and "buy when everyone is selling" sounds more reasonable to me right now, since everybody and their grandmother is trying to short the EURUSD.
I agree fsm, it looks like we might have bit of strength in EUR and CHF
Quick long trades may bring profits for a short time.
People will start saying it is oversold.
Striving to Develop & Implement Innovative Ideas
GS can not b trusted, trade what u see on ur chart and not some technical analysis from GS...
oh please, do you really think GS is running some secretive campaign? Sounds like some stupid conspiracy rant to me, they are just calling as they see it. Everyone is entitled to that aren't they?
  •  Guest
  • | IP XX.XXX.5.67
Quoting hjkl185
oh please, do you really think GS is running some secretive campaign? Sounds like some stupid conspiracy rant to me, they are just calling as they see it. Everyone is entitled to that aren't they?
Spot on mate -> those folks given to conspiracy theories (rants as you call it) tend to be the type that lack confidence in their abilities and in fact most probably have yet to find their trading selves. In any case - the worth of articles like this is in part to allow sole traders compare views with the more dominant players (money wise) in the market. While no one is obliged to follow such views and or accept it if in their assessments it is disagreeable, it is no doubt useful. That said I would say GS are in fact pretty slow here. We have been harping similar numbers long before now with justification as well. Of course we are still in a corrective stint so as a consideration for trades folks should take it more seriously after 1.30 or thereabouts. Most of the banks have very good people working their trading systems so they are always worth a listen.

The Crow (-_-)

BTW: Some think it is fashionable (the fad) to "hate" banks and the Fed or to be seen as such ----> and that is laughable because it is silly really - anyone or anything that provides you information in trading (reliable information that is) provides inputs you need and should use all of the time.
  •  Guest
  • | IP XXX.XXX.2.239
so now we know the euro will still be around at the end of 2017. GS are real visionaries.
Quoting Guest
Spot on mate -> those folks given to conspiracy theories (rants as you call it) tend to be the type that lack confidence in their abilities and in fact most probably have yet to find their trading selves. In any case - the worth of articles like this is in part to allow sole traders compare views with the more dominant players (money wise) in the market. While no one is obliged to follow such views and or accept it if in their assessments it is disagreeable, it is no doubt useful. That said I would say GS are in fact pretty slow here. We have been...

Crow,

You did note this prior, in a different thread, that the ill will regarding banks and central banks is misdirected. I do agree, but I like a good conspiracy theory now and again. This is, as you noted, a late to the party call as well. I am kind of surprised by this (not your comment, the tardy call by GS).

On a different note, I see that all of your posts are coming through as a guest, and that you sign at the end. Did FF bump you out of the playground?
  •  Guest
  • | IP XX.XXX.5.180
Quoting pippiphooray
Crow,
Did FF bump you out of the playground?
Well lets just say I am happy the way things are. Nice One!

The Crow (-_-)

BTW: Ok if it is fun and play and everyone knows (conspiracy theory that is) - but when folks (including noobs) get so they think do the opposite of what banks say is a valid strategy then it becomes not just irrational but paranoia.
The Crow is a great big pussy
Quoting TheTopBloke
The Crow is a great big pussy
Well, dick, it's always better to be a pussy. They are tougher, as they are built to take a pounding.
Quoting Guest
Well lets just say I am happy the way things are. Nice One!

The Crow (-_-)

BTW: Ok if it is fun and play and everyone knows (conspiracy theory that is) - but when folks (including noobs) get so they think do the opposite of what banks say is a valid strategy then it becomes not just irrational but paranoia.
I certainly was not attempting to throw crap your way, it was just something that I noticed.

Best.
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  •  Guest
  • | IP XX.XXX.164.32
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  • Story Stats
  • Posted: Oct 13, 2014 4:00am
  • Submitted by:
     eFx Newz
    Category: Fundamental Analysis
    Comments: 14  /  Views: 7,432