Goldman Sachs bearish EUR/USD to year end: risks are probably still skewed to the downside | Forexlive

This
by way of the oldsters at eFX.

For
financial institution commerce concepts, check
out eFX Plus.
For a restricted time, get a 7 day free trial, fundamental for $79 per 30 days
and premium at $109 per 30 days. Get
it here.

Goldman Sachs maintains a bearish bias on EUR/USD into year-end.

• “We assume dangers are most likely nonetheless skewed to the draw back. We assume that the Euro space is at present in recession, and that ought to begin to be even clearer in financial knowledge over the subsequent month or so,” GS notes.
• More importantly, the beginning of winter might convey additional market volatility, and a colder-than-average season would tip the area into a good deeper downturn,” GS provides.

—

I suppose if you’re trying to promote a rally Mr. Market has introduced a chance to take action at present.