EURUSD under downward pressure as crucial December approaches - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Brian Martin, Research Analyst at ANZ, suggests that December will be a crucial month for financial markets with the ECB and OPEC meetings next week and the FOMC meeting in mid-December (15-16).

    Key Quotes

    “Because of year end, liquidity may also be a key issue for markets. Much has already been priced in regarding upcoming central bank policy meetings and EUR/USD is approaching something of a crossroads as it nears this year’s lows around 1.0450.

    • Key determinants of EUR/USD’s decline remain in place led by the slide in the oil price and widening 1y/1y swap differential.

    • Essentially these encapsulate the fragile euro area inflation environment and assumed future policy divergence.

    • Disappointment surrounding expected central bank policy moves and a supply response from OPEC may be needed to reverse the euro’s drop.”
    For more information, read our latest forex news.

Share This Page

free forex signals