CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EUR/USD forecast flat-lined at 1.1700 for coming months - ING

2018-6-28 10:34:12Basics of Trading
EUR/USD forecast flat-lined at 1.1700 for coming months - ING

Analysts at ING offer their outlook on the EUR/USD pair for the coming months, in light of the US-Eurozone growth differential.


Key Quotes:


“While EUR/USD may have found an interim stabilising point above the 1.15 level - to truly gauge what the next big 5 figure directional move will be, one needs to make an assessment on whether the median expected US-EZ growth differential diverges even further - or in fact starts to show fresh signs of converging again.


The latter is the most compelling to us at this stage - with exuberant US growth expectations getting moderated as the cost of Trump's trade war take its toll on the domestic economy 


We've flat-lined our EUR/$ forecast at 1.17 for the coming months - but we're now pretty much watching out for any clear incipient signs that shed light on which way the median US-EZ growth differential is heading.”