- Analytics
- News and Tools
- Market News
- EUR/USD: Unlikely to hold above 0.95 – SocGen
EUR/USD: Unlikely to hold above 0.95 – SocGen
EUR/USD has turned south and declined below 0.9700. In the opinion of Kit Juckes, Chief Global FX Strategist at Société Générale, the pair is set to post a new cycle low.
Inflation problem and economic threat from Russia to weigh on the EUR
“A new cycle low in EUR/USD seems certain, and 0.95 is unlikely to hold.”
“The early signs from the Laender suggest the risk is of an overshoot to the consensus for German CPI inflation, which looks for a rise from 7.9% to 9.5%. Meanwhile, the leading German Institutes forecast a 0.4% fall in GDP next year, which is slightly below the -0.2% consensus figure.”
“The rates market will price in further ECB hikes and ECB representatives will talk tough, but a growing inflation problem at the same time as the economic threat from Russia, will weigh on the euro.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
