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: 2025.01.15
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EUR: Some signs of rebound, but it may not last - ING
Breaking news
EUR: Some signs of rebound, but it may not last - ING
New
2025.01.15 18:43
2025.01.15 18:43
2025.01.15 18:43
The USD-negative events yesterday have prompted a return to 1.030 in EUR/USD, but US CPI is expected to resume pressure on the pair. The eurozone data calendar does not include market-moving releases, although we will hear from ECB members, ING's FX analyst Francesco Pesole notes.
Technical aspect for EUR/USD is relatively supportive
"Our short-term fair value model returns a risk premium of around 2.5% on the pair. That is intuitively linked to expectations of US protectionism, and we doubt there is that much room for this valuation gap to be closed despite the latest reports on gradual tariffs."
"Still, we cannot ignore this relatively supportive technical aspect for EUR/USD, and probably another material leg lower in the pair does require some rewidening in the short-term rate differential. A 0.3% MoM US core CPI read could not be enough to take EUR/USD sustainably above 1.020 for now."
Last updated
: 2025.01.15
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US Dollar retreats for third day in a row ahead of US CPI inflation
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2025.01.15 19:57USD/JPY: Current price movements are likely part of a consolidation phase - UOB Group
Further range trading seems likely, probably between 157.30 and 158.30. In the longer run, current price movements are likely part of a consolidation phase, expected to be between 156.50 and 158.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.01.15 19:42USD/CHF Price Forecast: Trades cautiously near 0.9100 ahead of US inflation data
The USD/CHF pair trades with caution slightly above the key support of 0.9100 in Wednesday's European session.
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2025.01.15 19:41US CPI inflation set to rebound in December, core to remain high
The US Consumer Price Index (CPI) report for December, a critical gauge of inflation, is set to be released on Wednesday at 13:30 GMT, courtesy of the Bureau of Labor Statistics (BLS).
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2025.01.15 19:30NZD/USD: To trade most likely between 0.5570 and 0.5835 - UOB Group
New Zealand Dollar (NZD) is expected to trade in a range, most likely between 0.5570 and 0.5835. Whippy price action has resulted in a mixed outlook; for the time being, NZD could trade in a sideways range of 0.5540/0.5650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.01.15 19:22AUD/USD: Likely to trade in a higher range of 0.6170/0.6215 - UOB Group
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2025.01.15 19:06Disclaimer:
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