{"id":17311,"date":"2021-01-11T07:14:01","date_gmt":"2021-01-11T06:14:01","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17311\/"},"modified":"2021-01-11T07:14:01","modified_gmt":"2021-01-11T06:14:01","slug":"euro-set-to-hit-new-heights","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/euro-set-to-hit-new-heights\/","title":{"rendered":"Euro set to hit new heights"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1840,74<br \/>\n(<span style=\"color: #ff0000;\">-0,38%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,2179<br \/>\n(<span style=\"color: #ff0000;\">-0,39%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 30789,50<br \/>\n(<span style=\"color: #ff0000;\">-0,64%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 51,825<br \/>\n(<span style=\"color: #ff0000;\">-1,27%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a014078<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The aftermath of the Capitol riots in the US was less than significant. The short-term fall in the markets looked like a small pothole in the road. However, it is worth noting that most of the branches of government have been taken over by the Democratic Party. Will this be a problem for the markets?<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nEUR\/USD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17312 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/01\/EURUSD.png\" alt=\"EURUSD\" width=\"600\" height=\"220\" \/><\/p>\n<p align=\"justify\">First and foremost, the US government will be able to pass important new legislation more easily. With this in mind, the US Federal Reserve may expand QE significantly in order to support the servicing of government debt. This is a bad signal for the dollar. An additional weakening of the US dollar could lead to so-called currency wars. Neither China nor Europe will want to lose markets so they will try their best to keep up with their currencies.<br \/>\nOn January 27, the first minutes of the Fed meeting of the New Year will be released. Until then there is almost no chance of the US dollar strengthening. Chances of a &#8220;bearish&#8221; trend for EUR\/USD in the near future are negligible.<br \/>\nMost leading analysts believe that the downward trend of the dollar will continue throughout 2021. The huge amount of new dollars is likely to bring additional inflation to emerging markets, which will inevitably lead to higher prices, especially for food. The stock market bubble will continue to be pumped with cheap money, which could have unpredictable consequences in the future.<br \/>\nThe US labour market remains in focus. ADP data showed a fall of 123k in December, the first fall since April. US Fed is watching the labour market closely and if the trend continues, additional stimulus measures are likely to be taken.<br \/>\nIn the short term, hawkish pronouncements by Fed officials may locally strengthen the US dollar as it did on January 7-8. But in the medium term EUR\/USD is still targeting the key 1.25 level, so there is a good chance for the bulls to enter the market.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat&#8217;s in store for us today?<\/strong><\/p>\n<p align=\"justify\">01.30 Australian retail sales for November<br \/>\n02.30 China Consumer Price Index for December<br \/>\n15.00 Bank of England spokesman S. Tenreyro Speech<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1840,74 (-0,38%) EURUSD\u00a0 \u00a01,2179 (-0,39%) DJIA\u00a0 30789,50 (-0,64%) OIL.WTI\u00a0 51,825 (-1,27%) DAX\u00a0 \u00a014078 (+0,01%) The aftermath of the Capitol riots in the US was less than significant. The short-term&#8230;<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Euro set to hit new heights | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The aftermath of the Capitol riots in the US was less than significant. 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