mercredi 11 mars 2015
Where Are Big Investors Targeting EUR/USD, EUR/CHF? - Survey
Posted on 20:51 by nice news
SocGen is out with the results of its latest clients survey representing a split across banks, market makers, and reserve managers. The following are some of the key points from the results of this survey.
ECB. The market expects the end of ECB QE in Q4 2016 and the first rate hike in H1 2018. The vast majority of investors believes that EUR/USD either underprices QE or prices it correctly.
Fed.The market believes that an increase in the USD of 10% or more will have an impact on the pace of Fed hikes. Should the broad real USD rise by another 10%, the majority expects it will impact the Fed’s policy while a smaller group expects FX interventions to weaken the USD.
EUR/USD. Investors believe that the ECB is targeting parity and the majority of investors are also targeting the same level with 1.05 second and 1.10 third. 66% of investors are sellers of EUR/USD on rallies and 12% are buyers on dips.
EUR/CHF. The majority of investors target 1.10. 26% buy on dips while 18% sell on rallies.
ECB. The market expects the end of ECB QE in Q4 2016 and the first rate hike in H1 2018. The vast majority of investors believes that EUR/USD either underprices QE or prices it correctly.
Fed.The market believes that an increase in the USD of 10% or more will have an impact on the pace of Fed hikes. Should the broad real USD rise by another 10%, the majority expects it will impact the Fed’s policy while a smaller group expects FX interventions to weaken the USD.
EUR/USD. Investors believe that the ECB is targeting parity and the majority of investors are also targeting the same level with 1.05 second and 1.10 third. 66% of investors are sellers of EUR/USD on rallies and 12% are buyers on dips.
EUR/CHF. The majority of investors target 1.10. 26% buy on dips while 18% sell on rallies.
Where Are Big Investors Targeting EUR/USD, EUR/CHF? - Survey
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