- Analytics
- News and Tools
- Market News
- EUR/USD: Clean break under 1.05 to clear the way towards 1.0350 – ING
EUR/USD: Clean break under 1.05 to clear the way towards 1.0350 – ING
EUR/USD has briefly traded below 1.0500, sitting at the lowest level since January 2017. A clear break under this level would open up the 1.0350 area, economists at ING report.
35% chance priced of EUR/USD hitting parity this year
“The FX options market assigns a 35% probability to EUR/USD trading 1.00 at any time before year-end. This is up from 25% earlier this week and just 15% a couple of weeks ago.”
“Of the many concerns facing European currencies, the most pressing is an abrupt cut-off in Russian gas more broadly in Europe. How this story plays out and the degree to which the eurozone economy is hit (estimates range in the 1-3% of eurozone GDP on a complete cut-off) will help determine EUR/USD levels.”
“EUR/USD remains fragile and a clean break of 1.0500 opens up the 1.0350 area.”
© 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
