These people think retail traders are completely mad to follow this news and open short EUR positions.
The Case For Staying Short EUR/USD - Barclays
Despite lower direct economic linkages, Barclays Capital expects that the change in China’s exchange rate and growth risks also will eventually weaken the EUR versus the USD. "A combination of slower global growth, lower energy and imported goods prices, and still poorly anchored inflation expectations may force the ECB to extend the QE program beyond September 2016. We now see EURUSD trading at 0.98 by year-end, and toward 0.93 by end H1 16," Barclays projects. "Combined with all other forecasts, we see the EUR REER weakening another 10%. The EUR is only currently 6.7% cheap to fair at the moment (1 standard ... (full story)