EUR/USD could see a moderate uptick this week – ING
Source Fxstreet
EUR/USD was rejected around 1.0800 on Monday. Economists at ING analyze the pair’s outlook.
Growth outlook not that relevant for the ECB
We like the chances of a moderate uptick in the pair this week.
One risk to this view is the ZEW survey published in Germany today. Consensus is aligned for a modest rise in the expectations index and a small decline in the current situation index. The release has a history of moving the market, but there are fewer longer-term implications for ECB rate expectations.
Markets are broadly positioned for a soft patch of economic growth in the Eurozone, and especially in Germany, and we don’t think the ECB will change its narrative meaningfully should the outlook deteriorate a little.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
The Federal Reserve injected $13.5 billion into the banking system, signaling a significant liquidity boost for Bitcoin and risk assets, rivaling levels from the COVID-19 era.
The Australian Dollar (AUD) reverses dismal domestic data-led intraday downtick and touches a fresh three-week high against a weaker US Dollar (USD) during the Asian session on Wednesday.
1. IntroductionOver the past month, investors' expectations for a Federal Reserve interest rate cut in December first cooled and then reignited. These fluctuating expectations have directly triggered
Avalanche Coils for a Big Move as Wolfe Wave Pattern TightensAvalanche (AVAX) is trading near $13.06 as a Wolfe Wave pattern and key weekly trendline converge, with BeLaunch eyeing a $11–$8 accumulation zone and drawing parallels to the September 2023 setup — a combination that suggests a major breakout could be approaching once the current coil finally snaps.
Avalanche (AVAX) is trading near $13.06 as a Wolfe Wave pattern and key weekly trendline converge, with BeLaunch eyeing a $11–$8 accumulation zone and drawing parallels to the September 2023 setup — a combination that suggests a major breakout could be approaching once the current coil finally snaps.
