EUR/USD to focus on data divergence, 1.20 is the target – Deutsche Bank
20.07.2020, 09:19

EUR/USD to focus on data divergence, 1.20 is the target – Deutsche Bank

FXStreet reports that after a marathon weekend, press reports suggest a deal on the European recovery fund is fast approaching. Economists at Deutsche Bank expect the market to move on and focus on data divergence between the EU and the US. They forecast EUR/USD at 1.20 in coming months.

“What matters in the near-term is that the market perceives the ECB backstop to be intact and that European break-up risk remains low. The deal achieves both. A strengthening of Italian political stability together with an application for ESM support would be the best case scenario in coming weeks.”

“A European deal is a necessary but not sufficient condition for a stronger euro. But in our view the euro higher trade for coming months is all about divergence and whether European growth outperforms the US plays in coming months, encouraging more portfolio inflows. High-frequency indicators such as restaurant visits suggest that this divergence is accelerating. Our high-frequency equity flow monitor continues to perk up.”

“Bottom line, the market will very quickly shift focus away from the Recovery Fund. As European leaders and market participants attempt to go on a summer holiday, it will be data divergence and portfolio inflows into Europe that drive EUR/USD higher in coming weeks and months. We remain bullish targeting 1.20.”

© 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik