#EURUSD @ 1.05484 will struggle to trade sustainably above 1.0600 – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD continues to edge higher toward 1.0600. But in the view of economists at ING, a rally above 1.06 would be premature.
“Markets are pricing in around 55 bps of tightening ahead of the ECB meeting next week, and with no more speakers before the rate announcement and no key data releases except for the ZEW surveys on Tuesday, we doubt that rate expectations will move much in the coming days.”
“Our base case is still that EUR/USD will struggle to trade sustainably above 1.0600, and is mostly facing downside risks into year-end as the Dollar could regain some ground on global risk uncertainty and rebounding energy prices.”
[/s2If]
Join Our Telegram Group
