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: 2024.11.07
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EUR/USD: Downside risks are here - OCBC
Breaking news
EUR/USD: Downside risks are here - OCBC
New
2024.11.07 17:52
2024.11.07 17:52
2024.11.07 17:52
The Euro (EUR) continued to trade with a heavy bias, in response to US elections outcome. Pair was last seen at 1.0762 levels, OCBC' FX analysts Frances Cheung and Christopher Wong note.
Risks skewed to the downside
"Threat of Trump tariff on all imports by up to 20% can hurt EUR as US was the largest partner for EU exports of goods in 2023. There are also concerns if Trump may interfere with support for European security. Momentum turned flat while RSI fell. Risks skewed to the downside."
"Next support at 1.0660/70 levels. Resistance at 1.0740 (76.4% fibo), 1.0830 (61.8% fibo retracement of 2024 low to high)."
Last updated
: 2024.11.07
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The German coalition goes out with a bang - Commerzbank
Not only was there a political bang in the US yesterday, but also in Germany late last night.
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2024.11.07 20:15Federal Reserve expected to deliver 25 bps interest-rate cut, shrugging off Trump victory
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Apart from the fact that it has postponed its meeting by one day, the US election won't change anything for the Fed in the short term.
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2024.11.07 19:42GBP: BoE to cut, Bailey's communication key - ING
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2024.11.07 19:35SEK can prove a victim of the looming trade war - ING
The market is looking for a 50bp rate cut from Sweden's Riksbank today, ING's FX Analyst Chris Turner notes.
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2024.11.07 19:32NZD/USD: Has a chance to trop towards 0.5900 - UOB Group
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2024.11.07 19:28EUR: Collapse of the German government says it all - ING
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2024.11.07 19:25Disclaimer:
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