EUR/USD may lack enough buyers above the 1.0530/1.0550 area – ING

EUR/USD gains traction above the 1.05 level. Economists at ING analyze the pair’s outlook. The Dollar remains an expensive sell EUR/USD has rebounded

from the 1.0450 lows but may lack enough buyers above the 1.0530/1.0550 area. The Dollar remains an expensive sell, and there simply isn’t a compelling story in the Eurozone to counter the US exceptionalism narrative. The ability of EUR/USD to stay attached to 1.

0500 is almost entirely linked to the US bond market enjoying two consecutive days of reprieve. That may be possible due to the lack of key US data today outside of jobless claims, but the pair is facing the tangible possibility of another leg lower with US payrolls on Friday.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

FXStreetNews /  🏆 14. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

EUR/USD Price Analysis: Gains traction above the 1.0500 mark, German trade data loomsThe EUR/USD pair gains momentum during the early European session on Thursday. Market players await the German Trade Balance for August, which is expe
Les mer »

EUR/USD: Any gains above 1.05 look hard to sustainEUR/USD continues to move below the 1.05 level. Economists at ING analyze the pair’s outlook. EUR/USD in the soft side of a 1.04-1.06 range over the c
Les mer »

EUR/USD Forecast: Euro needs to stabilize above 1.0500 to correct higherEUR/USD closed deep in negative territory on Monday and continued to push lower during the Asian trading hours. After touching its weakest level of 20
Les mer »

EUR/USD: Downward pressure alleviated above 1.0545 – UOBThe selling pressure in EUR/USD appears mitigated above 1.0545, note Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Grou
Les mer »

EUR/USD short term rally still expected to fail [Video]Short Term Elliott Wave in EUR/USD suggests cycle from 8.30.2023 high is in progress as a 5 waves impulse. Down from 8.30.2023 high, wave ((i)) ended
Les mer »