EUR/USD: Lacking a clear catalyst for another leg higher unless US data disappoints today – ING
Source Fxstreet
EUR/USD consolidates in the 1.0800-1.0900 range. Economists at ING analyze the pair’s outlook.
Re-strengthening of the Dollar expected around Thursday’s US PCE
EUR/USD has found support since the start of this week, although it is now lacking a clear catalyst for another leg higher unless US data disappoints today.
The Eurozone calendar only includes money supply figures today, and our expectations for a re-strengthening of the Dollar around Thursday’s US PCE release makes us sceptical of the sustainability of a EUR/USD rally at this stage.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
US President Donald Trump says Iran talks to begin Monday after canceling attackUS President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
Related Instrument
