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17.07.2019 14:59

EUR/USD to remain more or less flat in Q3 - Barclays

The Barclays Research Team expect the EUR/USD pair to trade neutral to lower in the coming months amid tempered expectations of aggressive rate cuts.

  • EUR/USD to move towards 1.08 by Q2 2020 vs. 1.06 previous forecast.

  • Expect the Fed to ease in the face of persistently low inflation, sizeable external risks and moderation of US growth.

  • The intensity of cuts and the risks to the path have moderated.

  • Indefinite suspension of further US tariffs and technology sanctions on China - and likely retaliation - imply a modestly better growth path for both economies and for connected trading partners, reducing risks to the global economy.

  • We now see a more persistent but shallower path of USD appreciation, as there is a less negative bite from US interest rates in the near term and less of a rise in non-US risk premia, given the improved global outlook.


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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