The beginning of the end to the EUR rally?<p>Danske Research discusses EUR/USD outlook and maintains a structural bearish bias over the coming months.</p><p>"We note that in tandem with EUR/USD loosing steam Eurozone equities
are beginning to underperform US peers - and also more generally that
value is beginning to underperform growth. In our view, this is an
important development to follow when it comes to the direction of
EUR/USD. As explained over the last weeks we still have a strategic bearish bias for EUR/USD even if our tactical conviction is less clear," Danske notes. </p><p>"To the extent central banks next week (primarily Fed, ECB) deliver a
fairly firm hawkish guidance - especially when taking into account the
last quarter's easing of financial conditions - we think a long USD position is beginning to look appealing again, perhaps even from a tactical perspective.
Either way next week could prove pivotal for the global investment
environment that will face us for the rest of February," Danske adds.</p><p>For bank trade ideas, <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1674932073235000&usg=AOvVaw0M7AKr6Ih3m_YOgXMKup74">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1674932073235000&usg=AOvVaw0M7AKr6Ih3m_YOgXMKup74">Get it here</a>.</p>
This article was written by Adam Button at www.forexlive.com.
Source: The beginning of the end to the EUR rally? (https://www.forexlive.com/news/the-beginning-of-the-end-to-the-eur-rally-20230127/https://www.forexlive.com/news/the-beginning-of-the-end-to-the-eur-rally-20230127/)
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