The euro could rise to $1.19 by the end of 2020, from just $1.1056 currently, as
the dollar is likely to weaken, UBS Global Wealth Management says. "In recent
years, high interest rates, risk aversion stemming from the downturn in global
trade and support from earnings repatriation have supported the dollar," UBS
analysts say in their year-ahead outlook.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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