- Analytics
- News and Tools
- Market News
- EUR/USD can slip back below 1.0500 even in the event of a consensus NFP – ING
EUR/USD can slip back below 1.0500 even in the event of a consensus NFP – ING
EUR/USD extended the latest rebound and hit 1.0550. Economists at ING analyze the pair’s outlook ahead of the US Nonfarm Payrolls report.
EUR/USD is around 1% undervalued to its market drivers
We currently estimate EUR/USD’s fair value at 1.0650, meaning that the pair is around 1% undervalued to its market drivers, below its 1.5 standard deviation and does not suggest an imminent upward correction.
EUR/USD can slip back below 1.0500 even in the event of a consensus read in US payrolls today.
See – NFP Preview: Forecasts from seven major banks, losing momentum
© 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
