EUR/USD Goes From Bad To Worse, Not Yet - General

thenews 2015.01.01 09:14 #11

EUR/USD Goes From Bad To Worse

Europe is a mess, and in spite of all thepaper mache offering a pretty facade, it’s just going to get messier. From a charting perspective, the big break for the euro took place at the place marked with an arrow.

There’s nothing to suggest this downtrend will reverse.

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Managing Pending Orders - Arrowed Line - Lines Managing Pending Orders -

name 2015.01.02 08:45 #12

EURUSD is on a way to hell

whisperer 2015.01.02 20:26 #13

on my own:
EURUSD is on a way to hell

Not yet

It will be when Draghi resigns (and he will be forced now - Juncker does what his bosses are telling him, and his bosses are from the same continent as he is)

thenews 2015.01.10 19:49 #14

Goldman Quickens Euro Parity Call to 2016 as ECB Tackles Crisis

Goldman Sachs Group Inc. brought forward its forecast for the euro to fall to parity with the dollar by a year to 2016, joining a minority of strategists predicting a 15 percent drop in the next two years.

Robin Brooks, Goldman’s New York-based chief currency strategist, also cut his six-month forecast to $1.11 from $1.20, betting the European Central Bank will announce government bond buying in two weeks and the Federal Reserve will raise interest rates this year even as lower oil prices subdue inflation.

The euro’s exchange rate against a basket of trade partners has only fallen 4 percent, even as a flagging economy and falling inflation triggered a 14 percent drop in the single currency against the dollar since the start of 2014. That’s keeping the member states from regaining competitiveness as the region recover from a the debt crisis and a recession in 2013, according to Brooks.

“If you look at real effective exchange rates, it basically hasn’t come down,” Brooks said in a telephone interview. “The kind of exchange rate moves we’ve seen in the past have been around 30 percent. On that basis, there’s a lot of reasons to think this euro move can keep going.”

Goldman’s parity call remains a minority view. ING Groep NV, ABN Amro Bank NV and Citigroup Inc. are the only banks in a Bloomberg survey that agree the exchange rate will fall that low by the end of 2016. The median estimate of 53 analysts was for a drop to $1.15 from $1.1834 as of 11 a.m. in New York.

Euro Dollar Rate Forecasts for 2014-2015 - page 2