{"id":17623,"date":"2021-03-24T07:41:19","date_gmt":"2021-03-24T06:41:19","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17623\/"},"modified":"2021-03-24T07:41:19","modified_gmt":"2021-03-24T06:41:19","slug":"what-is-happening-to-eurusd","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/what-is-happening-to-eurusd\/","title":{"rendered":"What is happening to EURUSD?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1730,765
\n(+0,23%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1841
\n(-0,05%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 32275,50
\n(-0,16%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 58,105
\n(+0,98%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a014627,50
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

Right now the pair is trading near 1.19. Before you read the text below, answer the question. Where do you think the EUR\/USD is going, 5 figures up or 5 figures down? You can also answer the second, no less interesting question “why exactly”?<\/p>\n


\nEURUSD<\/strong><\/p>\n

\"EURUSD\"<\/p>\n

What is the first thing investors pay attention to when they look at the EUR\/USD pair? Of course the ever-increasing yield spread between 10-year US and German government bonds. It is already as high as 2% (200 basis points).
\nIn the meantime the EURO is still rather comfortable. It is resilient and does not want to fall too much. However the longer this spread stays at current levels, the more pressure on the EUR will be put on it.
\nImagine this. You are a big investor and you want to invest your spare money for the next 10 years. And you are thinking, take the dollar and American Treasuries, getting a 1.7% p.a.. Or enter Euro bonds at minus 0.3%? The answer is obvious. Very few people want to invest in European currencies.
\nNot enough of that. The US economy is recovering much faster than the European economy. And the United States is also ahead in vaccination rates.
\nSo why isn’t the EURO falling? There is only one answer. Because everyone sees it and waits for it. When everyone in the market is waiting for the same thing to happen, it can happen much later than most people think. That is, once many of us get tired of waiting, the pair can go towards the 1.15 level in just a few trading sessions.<\/p>\n

08.00 UK consumer price index for February
\n09.30 German PMI for March
\n10.00 EU Manufacturing Activity Index for March
\n10.30 UK PMI for March
\n13.30 US Durable Goods Orders for February<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

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":"

Gold\u00a0 1730,765 (+0,23%) EURUSD\u00a0 \u00a01,1841 (-0,05%) DJIA\u00a0 32275,50 (-0,16%) OIL.WTI\u00a0 58,105 (+0,98%) DAX\u00a0 \u00a014627,50 (+0,01%) Right now the pair is trading near 1.19. Before you read the text below, answer…<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWhat is happening to EURUSD? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Right now the pair is trading near 1.19. 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