If you wonder, which currency other than the US dollar did best in 2017, this is the euro. In spite of all forecasts and expectations that EUR/USD will reach parity by the end of 2017, the combined currency has achieved a return of nearly 15%, and given the good economic data coming from the old continent, we believe that its rise will hardly be hindered by 2018.
What to expect in 2018?
As the New Year approaches, the positive expectations for the dollar are severely undercut, and fewer market players are of the opinion that the USD will see progress in 2018. On the other hand, political risks in Europe and the UK appear to be lower and central banks have already taken the first measures to increase interest rates and decrease the size of QE programs. If the eurozone continues to provide good economic data, the ECB will take bolder steps towards normalizing monetary policy, and the central bank can not begin to consider raising interest rates. If this happens, the euro will receive strong support from the first "official" rumors.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.