ING with their always useful ECB cheat sheet
Below is a very handy ECB cheat sheet from ING:The bank thinks that EURUSD is expensive at current levels, but unless we get strong guidance for deeper cuts after June the impact might be more short-lived. I share their sentiment in this regard.They think that the pair would need an equity-sell off as well as an official start to the ECB’s rate cutting cycle for a move lower.There is a greater chance of a move towards 1.07 compared to a break higher to 1.09.Personally, I think a lot of bad news is priced for the EUR, but time will tell. This article was written by Arno V Venter at www.forexlive.com.
Below is a very handy ECB cheat sheet from ING:
The bank thinks that EURUSD is expensive at current levels, but unless we get strong guidance for deeper cuts after June the impact might be more short-lived. I share their sentiment in this regard.
They think that the pair would need an equity-sell off as well as an official start to the ECB’s rate cutting cycle for a move lower.
There is a greater chance of a move towards 1.07 compared to a break higher to 1.09.
Personally, I think a lot of bad news is priced for the EUR, but time will tell. This article was written by Arno V Venter at www.forexlive.com.
