EUR/USD to stay around 1.1000 for the time being – ABN Amro
Source Fxstreet
Economists at ABN Amro expect the EUR/USD pair to hover around the 1.1000 level.
Expectations for Fed/ECB policy to continue to drive the direction in EUR/USD
For this year, we expect expectations for Fed/ECB policy to continue to drive the direction in EUR/USD.
The market expects both the Fed and the ECB to start its easing cycle in April/May and rates to be reduced to 4% for the Fed and 2.5% for the ECB by the end of 2024.
We expect the easing cycles to start later, in June, and the Fed to arrive at 4.25% and the ECB at 2.75% at the end of the year. So, both for the Fed and the ECB we are somewhat less dovish than the market and the difference with the market is roughly the same. Therefore, we expect EUR/USD to stay around 1.1000 for the time being.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on Thursday (November 5), gold prices (XAUUSD) extended yesterday's strong rebound, standing above $4,100 intraday today and reaching a high of $4,138.06, up more
NAB's 13% profit fall was mostly accounting — the bad-debt line wasn'tNAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
NAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
The Dow's 1,569-point day was a rotation, not a breakoutThe Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
The Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
WTI struggles below $87.50 as Democrats seek end to Iran war after midterm sweepWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
Related Instrument
