- Analytics
- News and Tools
- Market News
- EUR/USD wants to test the 1.0865/1.0900 area, but the case for any higher levels is yet to be made – ING
EUR/USD wants to test the 1.0865/1.0900 area, but the case for any higher levels is yet to be made – ING
EUR/USD has been doing a little better, largely on the back of a better investment environment. Economists at ING analyze the pair’s outlook.
PMIs and ECB minutes in focus
The highlight of today's session will be the release of European PMIs. A modest uptick here is expected today, but unless the Eurozone composite PMI can make a run at the 50 level, we doubt EUR/USD will get too much joy from the release.
Equally, we doubt that the release of the European Central Bank (ECB) minutes will move the needle on market pricing of around 100 bps in ECB rate cuts this year. For reference, our economists are only looking for 75 bps of easing.
EUR/USD is currently breaking above short-term resistance and looks like it wants to test the 1.0865/1.0900 area, but the case for any higher levels is yet to be made.
© 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
