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: Q1 2016 forecasts lowered to 1.03 on more QE – Morgan Stanley

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Mumbai) - The research team at Morgan Stanley on Monday lowered its price outlook on EUR/USD, as they believe that the ECB Chief Draghi will roll out further stimulus before Christmas this year.

    The Wall Street investment bank slashed its EUR/USD forecasts to $1.03 against the US dollar by the end of Q1 2016, compared with $1.11 previously.

    Currency strategist, Ian Stannard at Morgan Stanley noted, “We expect the euro to come under renewed selling pressure going into the end of the year and early next year as a result of the increased potential for further easing from the ECB."
    For more information, read our latest forex news.
     

Share This Page