EUR/USD rebounds on firmer than expected ZEW survey results. Economists at Scotiabank analyze the pair’s outlook. Firm support on dips to the 1.0500 a
rea Germany’s ZEW survey for October delivered better-than-expected results. The current assessment reading softened – but less than expected – to 79.9 while the expectations component improved to -1.1 , also better than forecast. The data suggest clear improvement in sentiment as the ECB rate cycle peaks.
This may be a prelude to a slightly better economic performance. Intraday EUR gains have been capped around 1.0560/1.0565 resistance again but a firm close on Monday tilts technical risks towards a bit more pressure on the upper 1.05s and firm support on EUR dips to the 1.0500 area. A push through 1.0560 should allow the EUR to retest 1.06+.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD trades with mild positive bias above 1.0500 mark, lacks bullish convictionThe EUR/USD pair kicks off the new week on a positive note and reverses a part of Friday's losses to a one-week low – levels just below the 1.0500 psy
Weiterlesen »
EUR/USD Price Analysis: Posts modest gains above 1.0500, upside seems limitedThe EUR/USD pair posts modest gains during the Asian session on Monday. The rebound of the pair is supported by the softer US Dollar (USD) broadly. EU
Weiterlesen »
EUR/USD can continue to trade near 1.05Dollar could hold gains for a few more months, economists at ING report. November through December is seasonally a weak period for the dollar Tighteni
Weiterlesen »
EUR/USD Forecast: Euro stays below cluster of resistanceAfter closing the previous week in negative territory, EUR/USD staged a technical correction to start the new week. 1.0570 aligns as important resista
Weiterlesen »
EUR/USD Forecast: Modest recovery falling short of supporting more gainsThe EUR/USD pair trades in the 1.0540 region ahead of Wall Street’s opening, marginally higher on the day. The pair bottomed at 1.0495 on Friday, as
Weiterlesen »