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#1 10-08-2017 13:32:10

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro could remain lifeless on the forex until the next...

EUR/USD: the euro could remain lifeless on the forex until the next speeches by Draghi (Danske Bank)


http://www.forex-central.net/forum/userimages/LOGO-Danske-Bank.jpg


Danske Bank believes that the hedging of long positions is behind the decline of the EUR/USD, and that a bullish recovery will take place a little later.

"On the forex, attention is focused on North Korea, with the traditional safe havens of JPY and CHF benefiting from the current situation.

The EUR/USD's momentum continues to weaken, which can partly be explained by the risks in North Korea.

However, the recent fall of the EUR/USD is mainly be explained by the hedges of long positions, with an improvement in US data and the expectations of a dovish Draghi in Jackson Hole this month and at the ECB meeting in September.

For the record, our 1-month EUR/USD forecast stands at 1.17, before a bullish recovery surfaces later."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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