1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/USD capped near 1.1400 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Strategists at Westpac expect EUR/USD to resume its downside following recent peaks near 1.1400 the figure.

    Key Quotes

    “The combination of Draghi comments that the ECB “we will not hesitate to act” and the sharp downward correction to Bundesbank HICP German inflation forecasts to 0.25% from 1.1% in December "due primarily to the energy component's significantly sharper negative effect compared with the December projection” opens up the door to a larger than expected March 10 response from the ECB”.

    “This very much chimes with recent comments from Weidmann that “economic skies are more cloudy than a few weeks ago”.
    For more information, read our latest forex news.
     

Share This Page