EUR up modestly, with focus on ECB/Fed outlook – Scotiabank

Source Fxstreet

Euro (EUR) is up 0.2% vs. the US Dollar (USD) and a mid-performer among the G10, extending its recovery from last week’s geopolitically-driven pullback, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Market participants eye this week’s Fed meeting

"The recovery in risk appetite is important, however the EUR’s fundamental underpinnings are critical as market participants eye this week’s Fed meeting and its implications for relative central bank policy. "

"A good portion of the EUR’s recent rally has been provided by the ECB’s ongoing shift toward neutral, and further strength has resulted from a slightly more dovish adjustment in expectations for the Fed. This week’s data highlight will be Tuesday’s ZEW sentiment figures, along with another heavy week of ECB speaking engagements."

"The trend is bullish, delivering a push to fresh multi-year highs and a break above 1.16. The RSI is confirming and showing renewed bullish momentum, climbing toward the mid 60s while still offering some room for gains ahead of the overbought threshold closer to 70. The 50 day MA (1.1332) remains an important medium-term support level. The near-term range is likely to be bound between 1.1500 support and 1.1650 resistance."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
JOLTS Job Openings expected to decline slightly in AugustMarkets expect Job Openings in August to decline slightly to 7.1 million compared to the previous month's reading of 7.181 million.
Author  FXStreet
13 hours ago
Markets expect Job Openings in August to decline slightly to 7.1 million compared to the previous month's reading of 7.181 million.
placeholder
Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe struggle to gain tractionMeme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) remain muted as the broader cryptocurrency market recovers.
Author  FXStreet
13 hours ago
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) remain muted as the broader cryptocurrency market recovers.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
14 hours ago
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
placeholder
Forex Today: US politics, data releases to lift volatility as Q3 endsThe US Dollar (USD) stays on the back foot early Tuesday as investors grow increasingly concerned about a possible government shutdown, which could cause a delay in data releases later in the week.
Author  FXStreet
14 hours ago
The US Dollar (USD) stays on the back foot early Tuesday as investors grow increasingly concerned about a possible government shutdown, which could cause a delay in data releases later in the week.
placeholder
US Dollar Index remains below 98.00 due to looming government shutdownThe US Dollar Index (DXY) is remaining subdued for the third successive session and trading around 97.90 during the Asian hours on Tuesday.
Author  FXStreet
17 hours ago
The US Dollar Index (DXY) is remaining subdued for the third successive session and trading around 97.90 during the Asian hours on Tuesday.
Related Instrument
goTop
quote