Central Banks

Analysts at Danske say the euro has room to rise further:

  • EUR/USD had corrected lower in the past week and a half, as the ECB’s Lane first commented that the FX rate was a factor for the ECB and on the back of a newspaper story arguing several Governing Council members were worried about the level of the euro. 
  • Lagarde sounded much less worried today, and effectively offered the EUR/USD a free pass higher
  • We see upside in EUR/USD especially longer out, and the currency could yet rise to levels that worry also the ECB more.

I posted earlier on Lane speaking later on Friday:

He may take his cue from the boss and not have much to say on the EUR level. Or he may be the designated jawboner at the ECB. he speaks from 1230GMT so I guess we soon find out.

Lagarde and Lane:

For bank trade ideas, check out eFX Plus

Source link

Articles You May Like

$2000 GBPUSD TRADE BREAKDOWN | FTMO GIVEAWAY | Insane Forex Scalping Strategy
EURUSD moves back toward swing area
Gold threatens first break of the 200-dma since March
Forex LIVE Trading | Best 1 Min SCALPING Strategy | Trade with Me to make Fast and Big Profits!!
How to Downlaod 99%accurate Best Forex Trading Systems For Professional Traders|Profitable Strategy

Leave a Reply

Your email address will not be published.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