CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

EUR/USD to rebound today? – Danske Bank

2019-06-19 15:35

Daniel Brødsgaard, analyst at Danske Bank, notes that EUR/USD pair dropped yesterday as ECB finally acknowledged the market’s call for monetary easing.



Key Quotes



“We see a case for the euphoria calming down again as the market recalls how it was left disappointed when ECB last announced rate cuts and QE in December 2015 and March 2016, i.e. we are not bound for a bigger move lower in EUR/USD after ECB’s dovish shift.”



“Rather we see a case for EUR/USD to rebound today on a dovish Fed signalling it is ready to cut rates from July. In the end, we look for the Fed to ease more aggressively than the ECB and push EUR/USD higher. We forecast 1.15 in 3M.”


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD -0.13% 1.31235
    EURUSD -0.10% 1.18407
    XAUUSD -0.58% 1913.41
    XTIUSD -0.54% 39.812
    NAS100 -0.56% 11620.2
    US30 -0.68% 28029.9