News

Goldman Sachs on what favours the euro higher in the short term

Strategists at GS on
the EUR, say despite the increasing probability of further ECB easing
in July it “still seems to be the currency of choice”

  • has seen short covering supporting it
  • expect this to continue in the near term, providing further supporting
  • systematic traders using simple momentum approaches likely to buy given it broke above its 200 day MA

GS add they expect
to see more USD unwinding vs other recurrences as well as against EUR

ForexLive

Articles You May Like

BOJ’s Kuroda says that central bank has various means to ease policy
Winning MACD Day Trading Strategies | Most Effective Ways To Trade With MACD Indicator
FX option expiries for Friday October 11 at the 10am NY cut
LIVE Forex Trading – NY Session 14th October 2019
Fed announces $60B in monthly Treasury bill buying program

Leave a Reply

Your email address will not be published. Required fields are marked *