eFXdata reports that Bank of America Global Research maintains a structural bearish bias on EUR/USD targeting the pair at 1.02 by end of Q3.
"We remain skeptical of the global risk asset rally in light of economic and solvency risks. The global economy is contracting, and the hopes for a strong US recovery appear more limited. Our US Economics team cautions that while markets may feel it has moved past dismal data, the dataflow still has a long way to go, even as shutdowns begin to end," BofA notes.
"Although EURUSD is undervalued, by about 10% according to our estimates, we see it weakening further in the rest of the year...There are a number of reasons to expect EUR to weaken in the months ahead. We would focus on six in particular: a weaker global outlook; a severe Eurozone recession; a weaker Eurozone macro policy response, with fiscal stimulus smaller than in most other G10 economies and ECB monetary policy constraints; periphery sovereign risks from a sharp increase in government debt from already high levels; low oil prices, which historically has been correlated with a weaker EUR; and a long EUR market position," BofA adds.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.