- Analytics
- News and Tools
- Market News
- EUR/USD to trade in a 1.08-1.10 range for longer – ING
EUR/USD to trade in a 1.08-1.10 range for longer – ING
EUR/USD traded on the soft side on Tuesday. Economists at ING analyze the pair’s outlook.
Eyes on the doves
The pair may struggle to find clear direction before key US data are released later this week. Even then, our perception is that – barring major data surprises – the uncertainty surrounding a second hike by the Fed after July and the ECB's hawkish message (which has offset weak Eurozone data) can keep EUR/USD in a 1.08-1.10 range for longer.
The focus will be on ECB speakers: Joachim Nagel (who recently stuck to his hawkish rhetoric), plus some more dovish members (Ignazio Visco, Francois Villeroy de Galhau and Pablo Hernandez de Cos). Markets are pricing in 38 bps of tightening by September and an alarming tone on core inflation from the doves might help markets fully price in that move.
© 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
