EUR/USD: Rally to run out of steam around the 1.0600/1.0650 area – ING EURUSD Energy Banks
continues to push higher toward 1.0600. Economists at ING expect the pair’s rally to run out of steam around the 1.0600/1.0650 area.“Given the high sensitivity of EUR/USD to the eurozone’s terms of trade , further upside risks for energy commodities equal downside risks for the Euro.”
“This week, some Dollar stabilisation could make the EUR/USD rally run out of steam around the 1.0600/1.0650 area, and possibly lead to a more sustainable drop below 1.0450/1.0500.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Oyo lays off 600 employees as part of 'wide ranging' reorganisationSoftbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said on Saturday it is cutting 600 jobs in its corporate and technology departments.
Read more »
Weekly Forex Forecast \u2013USD/JPY, AUD/USD, USD/CAD, EUR/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 4th, 2022 here.
Read more »
EUR/USD: Weekly Forecast 4th December \u2013 10th DecemberOptimistic bullish speculators who have been pursuing upwards momentum in the EUR/USD may be feeling good about their perspectives.
Read more »
Mexican police seize over 600 pounds of fentanyl stuffed coconuts from truck near borderMexican police found 660 pounds of fentanyl stuffed into coconuts during a traffic stop in the northern border state of Sonora. The truck was believed to be traveling to the U.S.
Read more »
EUR/USD aims for 1.0550 despite upbeat US NFP data, Eurozone Retail Sales eyedThe EUR/USD pair is hovering around a fresh five-month high at 1.0545 in the early Asian session. The major currency pair is expected to extend its ra
Read more »
EUR/USD price Analysis: Refreshes five-month high above 1.0550 on solid risk-on profileEUR/USD price Analysis: Refreshes five-month high above 1.0550 on solid risk-on profile – by Sagar_Dua24 EURUSD RiskAppetite Breakouts Momentum SupportResistance
Read more »