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15 Feb 2013

Forex Fash: EUR/USD expected to weaken over medium-term - Wells Fargo

The Wells Fargo analyst team expects the euro to weaken over the medium-term. "The central bank's outlook is leaning dovish once again, while pace of improvement in the peripheral Eurozone bond markets has slowed", they comment.

"A soft Eurozone economy should see the euro weaken over time, while FX positioning offers plenty of scope for the euro to decline", they explain. Wells Fargo sees EUR/USD at 1.3300, 1.3100 and 1.2600 in 3, 6 and 12 months.
Feb 15, 2013

US markets trading flat despite positive US data

Equity markets in the US are trading almost unchanged on Friday despite the improvement in US consumer sentiment and the NY Empire manufacturing index, as recent highs are prompting...
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Feb 15, 2013

Forex: US Dollar Index flat around 80.55/60

The greenback, tracked by the US Dollar Index, keeps the positive ground so far around 80.50, propped up by positive data from the US economy and a slightly bias towards risk safer assets...
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