- Analytics
- News and Tools
- Market News
- EUR/USD looks poised to challenge the 1.10 level this week – ING
EUR/USD looks poised to challenge the 1.10 level this week – ING
Euro losses have been relatively well contained so far, though analysts at ING do believe that EUR/USD could fall further as investors fully assess the ramifications of weekend events.
Investors wonder whether Europe will be prepared to curtail imports of Russian oil and gas
“There have already been some reports of Europe looking at quotas/limits on Russian energy. Clearly, Europe would have to pay a lot higher prices for its energy under such a scenario and growth forecasts would have to be downgraded.”
“It is a big macro week for the euro given the release of February eurozone CPI on Wednesday (French CPI has already surprised on the upside). But given events to the east, we doubt stronger eurozone CPI/potential for ECB hawkishness will be enough to turn around an otherwise bearish bias for EUR/USD.”
“EUR/USD briefly retested the 1.1110/1120 lows overnight and barring any surprise break-through in Ukraine-Russia talks, EUR/USD looks biased to 1.10 this week.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
