EUR/USD: MEDIUM-TERM DRIVERS INDICATE THAT THE PAIR IS OVERVALUED

04 Feb 2023, 07:00 · 閱讀量 94

EUR/USD is now firmly below the 1.10 mark. Economists at Danske Bank maintain a clear sell-on-rallies bias for the cross

EUR/USD had defied the turnaround in equities

“In recent weeks, EUR/USD has defied the shift and sudden underperformance of Eurozone equities, which we otherwise deem to have been an important driver behind the EUR/USD rally since September (Eurozone equities overperforming during this period).”

“Our tactical conviction on EUR/USD is not high, but we maintain a clear sell-on-rallies bias for the cross as we still think medium-term drivers indicate that EUR/USD is overvalued (and not undervalued).”

風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。

喜歡的話，讚賞支持一下

Jubilant Food stock price down 1.26 per cent as Sensex slides. As of 31-Dec-2022, promoters held 41.94 per cent stake in the company, while FIIs held 26.77 per cent and domestic institutional investors had 14.49 per cent.

Tiyas

Bear Trap! Why Bandhan Bank shares hit 3-year low. The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.

Tiyas

Green Port policy soon with focus on carbon neutrality. Officials said the policy will define the parameters for green port categorisation besides incentives for undertaking the transition toward less polluting fuels and improving efficiency to lower overall emissions.

Tiyas

EUR/USD: MEDIUM-TERM DRIVERS INDICATE THAT THE PAIR IS OVERVALUED – DANSKE BANK

EUR/USD had defied the turnaround in equities