[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 141
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Currency strategists at RBC Capital Markets note that it is important to choose the right timeframe when trading the euro.
From the experts' point of view, if there is an agreement on a new financial aid package for Greece, which would remove the threat of Greek debt restructuring in the short term, the EUR/USD pair will be able to jump by about 300 pips. As a result, short-term investors will be able to buy the Euro at a profit.
At the same time, many economists still see a restructuring of the Greek debt as inevitable, which ultimately would hit the Eurozone and the single currency. Therefore, those involved in long-term trading will be able to use the rise in the euro to open short positions for a longer period.
In addition, it should be kept in mind that the EUR/USD is rather strongly influenced by a general change in investor sentiment towards risk. The RBC recommends trading the euro against another currency with a similar risk reaction, such as the New Zealand dollar.
"This decision is due to new signs of weakness in the British economy and its reliance on external demand," the bank explained.
At the same time, the SONIA (weighted average overnight pound index) swap curve shows that a 25bp central bank rate hike should not be expected before 2012.
Barclays Bank today decided to move its forecast for a Bank of England rate hike from August to November.
"This decision is due to new signs of weakness in the British economy and its reliance on external demand," the bank explained.
At the same time, the SONIA (weighted average overnight pound index) swap curve shows that a 25bp increase in the central bank rate should not be expected before 2012.
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"RBC Capital Markets currency strategists note that it is very important to choose the right timeframe when trading the euro" - which one to choose, they didn't say? )))
"From the experts' point of view, if ... then ... EUR/USD could jump about 300 pips. As a result, those who work on short time intervals will have an opportunity to buy EUR at a profit. So, those who are engaged in long-term trading will be able to use the rise in the euro to open short positions for a longer period of time." - have you just bought it yourself? )))
"In addition, keep in mind that the EUR/USD pair is quite strongly influenced by the general change in investor risk sentiment. The RBC advises to trade on EUR against another currency, which has a similar reaction to the risk, for example, against NZD." - the risk when traders trade on a pair, with a daily reaction of over 300pp, which is not even on the speedometer in Margo's car, and spread with 14pp, which is much lower for a broker)))
- just some nonfarmplayers ))))
And technically down)))
http://www.dailyfx.com/analyst_picks
Selling from 1.45xxx
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