- Analytics
- News and Tools
- Market News
- EUR: Collapse of the German government says it all – ING
EUR: Collapse of the German government says it all – ING
The German government has collapsed. The bone of contention in the end was the use of fiscal stimulus and disagreement over the suspension of the German debt brake, ING’s FX Analyst Chris Turner notes.
New German government may fight better against Trump
“This puts into stark relief the challenge for the European economy faced by a looming trade war and weak domestic demand. The prospect of a new German government next March might actually increase the chance of some fiscal stimulus and provide better ammunition for Europe to withstand Trump's trade agenda in 2025.”
“EUR/USD found support below 1.07 yesterday – perhaps not a surprise after a peak-to-trough drop of 2.3% on the day and even moving more aggressively than the FX options market had been pricing.”
“While profit-taking on EUR/USD short positions could drag it back to the 1.0800 area, we tend to think EUR/USD will tend to trade in the lower half of its 1.0550-1.1150 two-year range for the rest of the year. For example, it will be interesting to see what Trump's election means for European investment intentions – the IMF had noted this as a key negative factor under increased tariffs.”
© 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
