- Analytics
- News and Tools
- Market News
- EUR/USD: Spreads widen modestly – Scotiabank
EUR/USD: Spreads widen modestly – Scotiabank
EUR/USD has drifted a little lower over the course of the session so far, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR rebound momentum stalls
“Market participation has perhaps weakened ahead of the US jobs data, the weekend and the US election Tuesday, with no major data from the Eurozone to drive sentiment. More to the point, perhaps, is the fact that the steady narrowing in EZ/US short-term spreads that helped lift the EUR over the past week has stopped and reversed a basis point or so late in the week.”
“The EUR’s push through resistance at 1.0875 failed to give spot gains the additional boost I thought it might. Gains were capped around 1.0890 and now, spot’s drift lower risks extending in the short run if the market eases below 1.0845 minor support on the session.”
© 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
