Created
: 2025.01.30
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR: Dovish ECB could weigh on EUR/USD - ING
Breaking news
EUR: Dovish ECB could weigh on EUR/USD - ING
New
2025.01.30 17:58
2025.01.30 17:58
2025.01.30 17:58
It is a busy day for the European calendar dominated by GDP releases and the ECB meeting. France has just released a weaker-than-expected fourth-quarter GDP reading of -0.1% QoQ. Consumption and business investment were the weak links, ING's FX analyst Chris Turner notes.
Downside risks to EUR/USD are evident
"Remember, the threat of trade tariffs is normally a negative for business investment - something the IMF has modelled. Let's see how the German and Italian numbers fare at 10CET and then the provisional eurozone release at 11CET. Here the consensus for eurozone fourth-quarter growth currently stands at 0.1% QoQ, with seemingly downside risks."
"Today's main event, however, is the ECB meeting - rate announcement 1415CET. A 25bp cut in the deposit rate to 2.75% is nailed on and instead the focus will be on ECB President Christine Lagarde's press conference. We see some downside risks if the market believes there is a chance of the ECB taking policy below neutral."
"EUR/USD should be driven by events in Europe today, with a slight bias to the 1.0345/55 area should Lagarde sound quite dovish."
Last updated
: 2025.01.30
Related articles
USD/INR gains momentum as Trump threatens BRICS with tariffs
8 minutes agoJapanese Yen remains on the front foot against USD after Tokyo CPI
14 minutes agoUS President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar
45 minutes agoAustralian Dollar continues to lose ground amid Trump tariff threats on China
2025.01.31 10:37Japan PM Ishiba: Japan to maintain investment in US for job creation
2025.01.31 10:07NZD/USD weakens below 0.5650 as traders await clarity on Trump tariffs on China
2025.01.31 09:59
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
USD/MXN rises above 20.50 due to renewed tariff threats from Trump
The USD/MXN pair continues its upward momentum for the second consecutive session, trading around 20.70 during Asian hours on Friday.
New
2025.01.31 11:37USD/INR gains momentum as Trump threatens BRICS with tariffs
The Indian Rupee (INR) remains weak on Friday, pressured by the persistent portfolio outflows and month-end US Dollar (USD) demand.
New
2025.01.31 11:30Japanese Yen remains on the front foot against USD after Tokyo CPI
The Japanese Yen (JPY) attracts buyers for the third straight day on Friday and remains close to over a one-month high touched against its American counterpart earlier this week.
New
2025.01.31 11:24US President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar
US President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar developing story ....
New
2025.01.31 10:53Australian Dollar continues to lose ground amid Trump tariff threats on China
The Australian Dollar (AUD) extends its losing streak against the US Dollar (USD) for the fifth consecutive day on Friday.
New
2025.01.31 10:37Japan PM Ishiba: Japan to maintain investment in US for job creation
Japan's Prime Minister Shigeru Ishiba said on Friday that the government will continue to invest and create jobs in the United States (US).
New
2025.01.31 10:07NZD/USD weakens below 0.5650 as traders await clarity on Trump tariffs on China
The NZD/USD pair edges lower to near 0.5630 during the early Asian session on Friday, pressured by threats of tariffs from US President Donald Trump against China.
New
2025.01.31 09:59WTI holds above $72.50 amid tariff concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.85 during the early Asian session on Friday.
New
2025.01.31 09:07EUR/USD struggles under the weight of the Greenback
EUR/USD shifted lower for a fourth consecutive trading day on Thursday, peaking near 1.0450 before softening to shed one-fifth of one percent on the day and ending just below the 1.0400 handle as the Euro's near-term bull run draws to an end.
New
2025.01.31 08:42Japan's Tokyo CPI inflation climbs to 3.4% YoY in January vs. 3.0% prior
The headline Tokyo Consumer Price Index (CPI) for January climbed 3.4% YoY as compared to 3.0% in the previous month, the Statistics Bureau of Japan showed on Friday.
New
2025.01.31 08:33Disclaimer:
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.
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
