Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    Scope for near-term softness in the EUR – Rabobank

    Source Fxstreet
    January 30, 2024 13:03

    EUR/USD has failed to hold below the 1.0800 level. Nonetheless, economists at Rabobank expect the shared currency to remain under downside pressure.

    Risk of EUR/USD dipping to 1.0500 on a three-month view

    While we expect that the ECB policy will remain on hold until there are further signs of moderation in wage pressures, the relative softness of the Eurozone economy is still likely to support market speculation regarding a spring rate cut. This suggests scope for near-term softness in the EUR. 

    It is our house view that the Fed will hold rates steady until June. Consequently, we expect the market to continue pricing out expectations regarding an earlier move which should support the USD.

    We continue to see risk of EUR/USD dipping to 1.0500 on a three-month view.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    AUD/USD finds interim support near 0.6550 as US Dollar comes under pressureThe AUD/USD discovers support near 0.6550 in the European session on Monday.
    Source  Fxstreet
    The AUD/USD discovers support near 0.6550 in the European session on Monday.
    placeholder
    USD/CAD Price Analysis: Improves to near 1.3520 following February’s highUSD/CAD moves higher for the second consecutive day, inching higher to near 1.3520 during the European session on Monday.
    Source  Fxstreet
    USD/CAD moves higher for the second consecutive day, inching higher to near 1.3520 during the European session on Monday.
    placeholder
    AUD/USD drops to fresh daily low, around mid-0.6500s amid modest USD uptickThe AUD/USD pair continues with its struggle to find acceptance or build on its strength beyond the 100-day Simple Moving Average (SMA) and attracts some intraday sellers near the 0.6580 region on Friday.
    Source  Fxstreet
    The AUD/USD pair continues with its struggle to find acceptance or build on its strength beyond the 100-day Simple Moving Average (SMA) and attracts some intraday sellers near the 0.6580 region on Friday.
    goTop
    quote