Euro Forecast Directory - Page #117
A round up of the latest Euro forecast news items from the Currency News desk.
Euro to Dollar 2024 Forecast: "A more constructive EUR trend should develop into Q2/Q3"
14 Feb 2024 at 8 AM - Written by Tim Boyer
STORY LINK Euro to Dollar 2024 Forecast: "A more constructive EUR trend should develop into Q2/Q3"
Dollar Surges to 3-Month Highs on Stronger Than Expected US Inflation Data, EUR/USD Exchange Rate Slides to Test 1.0700
Market expectations surrounding US interest rate cuts have faded throughout the past few weeks and the latest US inflation data triggered another sharp dip in expectations.
The currency index overall hit 3-month...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Exchange Rate: Best in Five Months to Continue?
14 Feb 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro Exchange Rate: Best in Five Months to Continue?
The Pound Euro (GBP/EUR) exchange rate posted gains after stronger-than-expected UK labour-market data with lower unemployment and evidence of sticky wages growth.
Although the labour market has cooled, the Bank of England will be concerned that wages growth is still too high to allow an interest rate cut.
The Pound to Euro...
CATEGORIES: Pound Euro Forecasts
Pound to Euro: Sterling Looks to Major UK Data Releases to Trigger Breakout
12 Feb 2024 at 9 PM - Written by John Cameron
STORY LINK Pound to Euro: Sterling Looks to Major UK Data Releases to Trigger Breakout
The Pound to Euro (GBP/EUR) exchange rate has continued to find support close to 1.1700 and settled around 1.1715 on Monday as tight ranges have prevailed.
UK data this week will have an important market impact and volatility will inevitably increase with the possibility of a breakout.
MUFG still forecasts that GBP/EUR can...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast 2024: Retreat to 1.05, Rebound to 1.15 by 2025?
11 Feb 2024 at 12 PM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast 2024: Retreat to 1.05, Rebound to 1.15 by 2025?
Currency analysts at SocGen sees a risk that the Euro to Dollar exchange rate (EUR/USD) will slide to 1.05 if expectations of US Federal Reserve rate cuts are scaled back further.
NatWest also sees the risk of a near-term retreat to 1.05, but forecasts a rebound to 1.15 by year-end as the Fed does cut interest rates.
EUR/USD hit...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Week Ahead Forecast: 1.17 for Now, 1.1495-1.2050 Long-Term
11 Feb 2024 at 12 PM - Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: 1.17 for Now, 1.1495-1.2050 Long-Term
Foreign currency experts at Goldman Sachs expect that the Pound-Euro exchange rate will strengthen to 1.2050 at the end of 2024 before a limited correction to 1.1765 at the end of 2025.
In contrast, RBC Capital Markets expects that GBP/EUR will decline to 1.1495 by the end of 2024 with a slide to 1.0640 by the end of 2025.
GBP/EUR...
CATEGORIES: Pound Euro Forecasts
Pound to Euro: Sterling Consolidates Above 1.1700
9 Feb 2024 at 12 PM - Written by John Cameron
STORY LINK Pound to Euro: Sterling Consolidates Above 1.1700
Foreign exchange update: The Pound to Euro (GBP/EUR) exchange rate has been held in tight ranges during the past 24 hours with mixed influences on the pair.
GBP/EUR held above 1.1700, but unable to challenge resistance level and settled around 1.1715.
Although GBP/EUR should hold firm, resistance will be tough to break down.
The...
CATEGORIES: Pound Euro Forecasts
Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen
7 Feb 2024 at 4 PM - Written by John Cameron
STORY LINK Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen
GBP/EUR Exchange Rate Rebounds from 2-Week Lows on Positive UK News Flow
The Pound to Euro (GBP/EUR) exchange rate dipped to 2-week lows just below 1.1670 on Tuesday before a solid recovery to just above the 1.1700 level.
The overall UK data flows has remained broadly positive which has helped underpin the Pound.
Sentiment in...
CATEGORIES: Euro Pound Forecasts
Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three
5 Feb 2024 at 8 PM - Written by Tim Boyer
STORY LINK Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three
US Dollar Extends Gains after US Prices Data, EUR/USD Exchange Rates Slide to 11-Week Lows
The US data on Monday was again stronger than expected and, although there were still concerns that official data was overstating US strength, there was still further US gains, especially with European currencies again generally out of...
CATEGORIES: Euro Dollar Forecasts
Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months
4 Feb 2024 at 12 PM - Written by David Woodsmith
STORY LINK Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months
Foreign currency experts at Danske Bank expect that the Euro to Dollar exchange rate to weaken towards 1.05 on a 12-month view.
In contrast, MUFG expects EUR/USD will strengthen to 1.14 at the end of 2024.
Dollar bears suffered a double setback during the week. Federal Reserve Chair Powell cast major doubts on the potential for an...
CATEGORIES: Euro Dollar Forecasts