- Analytics
- News and Tools
- Market News
- EUR/USD set to break above 1.1000 in Q2 – TDS
EUR/USD set to break above 1.1000 in Q2 – TDS
As broadly expected, the ECB left policy on hold today. Very little new news for the Euro (EUR) to consume here, analysts at TD Securities say.
ECB is a bit of a nothing burger for the EUR
As broadly expected, the ECB left policy on hold. The statement was largely as expected, with no tangible changes to the language.
Inflation forecasts were revised down slightly, further suggesting that cuts are coming.
President Lagarde came as close as she could to saying the ECB would not cut in April, with strong hints of June.
The ECB is a bit of a nothing burger for the EUR today with much of the focus likely to shift to US data and other global drivers.
We continue to forecast a break of 1.1000 to the upside in Q2, reflecting broad USD underperformance.
© 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
