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Credit Agricole urges not to buy EUR.

Credit Agricole analysts suggested investors to avoid buying EUR. “We expect the single currency to remain subject to downside risks. This is especially true as the latest UK-related development is likely to increase political uncertainty in the EU further and as more muted growth prospects should keep the ECB in a position to consider additional […]

JPY analysis from Credit Agricole.

Credit Agricole provided its outlook on USD/JPY and EUR/JPY. “The JPY seems to be rallying for all the wrong reasons and, that said, bad reasons – risk aversion, growing market disillusionment with Abenomics and deepening investor conviction that the BoJ has run out of tools to boost growth and inflation. Persistent policy divergence between the […]

Credit Agricole thinks that EUR rally should be sold.

Credit Agricole published their outlook on EUR/USD currency pair, mentioning an important announcement from ECB executive. Peter Praet (executive board member and chief economist of the ECB) made comments last week, according to which the ECB still has room for cutting interest rates further. “We remain of the view that EUR upside is limited from […]