HSBC sees EUR/USD reaching 1.20 by year-end despite Eurozone structural issues

Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… GBP/JPY’s break of 38.2% retracement of 208.09 to 180.00 at 190.73 argues that the decline from 208.09 has completed at 180.00 already. Rise from there is now seen as the second leg of the corrective pattern from 208.09. Intraday bias is on the upside for 61.8%…

We’ve got a busy trading week ahead of us since a couple of major central banks are scheduled to announce policy decisions, plus the U.S. NFP is lined up, too! Will we see interest rate cuts from both the Bank of Canada and European Central Bank as expected? Here’s what market analysts are…

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