EURUSD - Trends, Forecasts and Implications (Part 3) - page 824
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Alexander, where do you come from?
The Hangman is getting a good angulation, but we can still go up. The previous one-hour angulation was only 18 pips backwards.
The eu is moving like a rocket.
Let's wait till the downside ;) Asians do not know what has been traded without them)))) They may start a rally. Moreover, tomorrow is Friday.
Tomorrow is THURSDAY
Wozny's morning markings
The current state of the global financial market encourages carry trade. The UBS V24 Carry Index rose from 486.5 in March to 510 points in April.
Interest rate differentials are trending upwards: The USA and Japan are likely to continue to keep financing costs at record lows to stimulate the recovery of national economies, while Europe, commodity-exporting countries and developing nations have already started to tighten monetary policy. Investors will therefore borrow at low rates in dollars and yen to invest in higher-yielding assets in New Zealand, Australia, Brazil and other countries with high rates.
Specialists at Mizuho Corporate Bank say the Japanese population will be forced to seek higher yields abroad, which will lead to a depreciation of the yen in the long term. This, in its turn, will make Japanese currency more attractive for investors, using carry trade strategy, as it will make payments on loans, taken in Japan cheaper. As for the USD, it is already very weak. It is expected that the Dollar Index (DXY) could fall back to its lowest level of 70.698 since 2008.
At the same time, analysts at Bank of Tokyo-Mitsubishi UFJ are advising investors to be vigilant. Strategists say that factors such as eurozone debt problems, geopolitical risks in Libya and the Middle East, and the radiation threat in Japan cannot be discounted, which could again spur demand for safe-haven currencies.
Tomorrow is THURSDAY.
Right. Thank you. Haggling ))))))
According to Commerzbank's monthly survey of German exporters, most respondents continue to go against the trend and bet on a fall in the single currency.
The bank notes that the mood of German companies has worsened compared to March: 66% of respondents now expect a EUR/USD decline during the year, while last month the proportion of bears on the pair was 46%.
If the EUR/USD uptrend does not reverse in the next few months, some German companies will incur heavy losses.
In addition, the surveyed firms believe that the European currency will fall against the Swiss franc, the pound as well as the Polish zloty and the Russian ruble.
I didn't)))
If you haven't gone anywhere, then you haven't been following the forum closely...
I meant where did you get the idea of selling?
Did you fall asleep during Bernanke's speech?
He has no time to write :))