EUR/USD: Hung parliament but with surprise twist – OCBC
08.07.2024, 15:43

EUR/USD: Hung parliament but with surprise twist – OCBC

The Euro (EUR) started the week on a slightly softer footing after 2nd round election results produced a somewhat surprise outcome, OCBC FX analysts Frances Cheung and Christopher Wong note.

Leftwing government may be a mild negative for EUR

“Leftwing NFP alliance is tops on 182, Macron’s centrists on 163 and the far-right RN and its allies on 143. The outcome shows how elections can be fluid and unpredictable as markets were so fixated on a far-right win. It also shows how tactical dropouts in round 2 elections can affect far-right and swing final outcome.”

“A leftist-dominated government was least expected and most feared as public spending may rise, further putting financial strains on public finance. The only consolation here is that the outcome is a hung parliament, and the left is short of an absolute majority. They will need to find other parties to form a government. A leftist leaning government may be a mild negative for EUR in the interim.”

“EUR was last seen at 1.0833 levels. Mild bullish momentum on daily chart intact but rise in RSI slowed. 2-way risks look more likely. Resistance at 1.0870 (50% fibo). Support at 1.0810 (38.2% fibo retracement of 2024 high to low, 100 DMA). 1.0730/50 levels (23.6% fibo, 21 DMA), 1.0660/ 70 levels (recent low).”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik