MUFG commerce of the week: Brief EUR/USD

MUFG Analysis added a brief EUR/USD to its Commerce of the Week portfolio. MUFG is brief EUR/USD with a goal at 1.0400, and a cease at 1.10.

“We’re recommending a brand new quick EUR/USD commerce advice. We anticipate the EUR to weaken additional in opposition to the USD in anticipation of Donald Trump imposing greater tariffs on imports from the EU quickly after he involves energy in early 2025. It’s going to ship a destructive development shock for the euro-zone economic system which has been recovering this 12 months from the destructive vitality value shock triggered by the beginning of the Ukraine battle,” MUFG notes.

“We anticipate the ECB to maintain slicing charges with inflation falling again to the ECB’s goal,” MUFG provides.

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This text was written by Adam Button at www.ubaidahsan.com.



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