- Analytics
- News and Tools
- Market News
- EUR/USD to edge lower towards 1.08 amid a narrow race between Macron and Le Pen – ING
EUR/USD to edge lower towards 1.08 amid a narrow race between Macron and Le Pen – ING
EUR/USD opened with a large bullish gap but erased its gains during the Asian trading hours. Economists at ING expect the pair to move downward to the 1.08 level by the end of the week.
Macron versus Le Pen run-off should keep EUR subdued
“Macron and Le Pen increased their vote shares and look set for a relatively tight run-off vote on April 24th. As such, it is too early for the market to relax over this event risk and no surprise that EUR/USD did not hold gains in early Asia.”
“Our base case assumes EUR/USD ends the week near 1.0800. For the time being, expect EUR/USD to trace out a 1.0850-1.0950 range.”
© 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
