Select Language

EUR: Looking a bit pricey - ING

Breaking news

EUR: Looking a bit pricey - ING

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2024.11.01 18:51
EUR: Looking a bit pricey - ING

update 2024.11.01 18:51

Eurozone flash inflation estimates for October showed a re-acceleration to 2.0%, which is understandably favouring a repricing to the hawkish side in the Euro (EUR) curve, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/USD is starting to look a bit expensive

"The OIS market now prices in 58bp of easing by the European Central Bank over December and January, with the chances of a half-size move in December now having been scaled back to just 22%."

"There are no ECB speakers until Monday and today is a holiday in some eurozone markets, meaning potentially slightly reduced action in the euro markets."

"EUR/USD is starting to look a bit expensive in the upper half of the 1.08-1.09 range, and barring a US jobs data-induced push today, we favour some depreciation in the pair into US Election Day, with a move back to 1.0800 as being completely in line with a wide rate differential in favour of USD."


Date

Created

 : 2024.11.01

Update

Last updated

 : 2024.11.01

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Dow Jones Industrial Average surges on soft US NFP data, Fed easing hopes rise

The Dow Jones Industrial Average (DJIA) posted solid gains of close to almost 300 points or 0.71% on Friday, on softer-than-expected economic data, reinforcing investors' hypothesis of further easing by the Federal Reserve.
New
update2024.11.02 04:04

US Dollar rebounds after NFPs and ISM PMIs

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rebounded intraday despite the weak jobs data as annual wage inflation rose to 4%, indicating that inflationary pressures remain elevated.
New
update2024.11.02 04:00

Canadian Dollar mixed after US NFPs, ISM PMIs

The USD/CAD currency pair saw a mild decline in Friday's session, reaching a low of 1.3920.
New
update2024.11.02 02:10

GBP/USD Price Forecast: Climbs post weak US jobs report, eyes 100-day SMA

The Pound Sterling erased some of its Thursday's losses against the Greenback and rose 0.56% above its opening price after a dismal US jobs report reassured investors the Federal Reserve would continue to ease policy.
New
update2024.11.01 23:56

RBNZ: A high bar for a 75bps cut - Standard Chartered

We think the bar is high for a 75bps OCR cut given the prevailing economic backdrop.
New
update2024.11.01 23:56

EUR/CAD Price Prediction: Decisively breaks out of top of pattern

EUR/CAD rallies and pierces decisively above the slanting roof of the price pattern it had been trading in since the beginning of August.
New
update2024.11.01 23:40

USD/CAD corrects after US NFP, remains well-supported above 1.3900

The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday's New York session.
New
update2024.11.01 23:21

U.S. October job counts seem distorted by hurricanes/strikes - RBC

The tiny 12k payroll employment gain in October was heavily distorted by the impact of hurricanes, a large strike in the manufacturing sector, and an unusually low initial survey response rate, RBC' economists note.
New
update2024.11.01 23:20

EUR/JPY Price Prediction: Pulling back within uptrend

EUR/JPY is pulling back after rising above the ceiling of its multi-month range and breaking above the cluster of major moving averages lying just above.
New
update2024.11.01 23:05

US ISM Manufacturing PMI drops to 46.5 in October vs. 47.6 expected

The business activity in the US manufacturing sector continued to contract at an accelerating pace in October, with the ISM Manufacturing PMI falling to 46.5 from 47.2 in September.
New
update2024.11.01 23:05

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel