Select Language

EUR: Buying the dips remains a clear risk - ING

Breaking news

EUR: Buying the dips remains a clear risk - ING

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.06.18 19:36
EUR: Buying the dips remains a clear risk - ING

update 2025.06.18 19:36

Geopolitical events are causing a temporary dislocation from macro-driven price action in EUR/USD, ING's FX analyst Francesco Pesole notes.

Plenty of ECB speakers to listen to

"Even before very soft US retail sales were published, the German ZEW had come in quite strong, with the 'expectations' index essentially back at pre-'Liberation Day' levels. Although the overbought and overvalued condition of EUR/USD suggests further corrections, the preference to buy on dips due to structural bearish views on the USD may only be put on pause until oil prices absorb the geopolitical shock."

"So while the USD may indeed regain some near-term momentum, we don't think this will be enough to take EUR/USD sustainably back to the 1.12-1.13 area. Our near-term target remains 1.14 for the pair."

"Today, the eurozone data calendar is light, but there are plenty of ECB speakers. Given the sensitivity of the ECB's inflation projections to oil price swings, we can probably expect even more cautiousness by the Governing Council in light of recent events. Markets will probably feel little pressure to price back a rate cut earlier than December for now."


Date

Created

 : 2025.06.18

Update

Last updated

 : 2025.06.18

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

NZD/USD: Price action indicates that further NZD weakness is likely - UOB Group

New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5980 and 0.6020. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.07.10 18:43

RUB: Sanctions threat returns - Commerzbank

The likelihood of new, harsh sanctions on Russia is rising again: western leaders are abandoning hopes of meaningful diplomacy and reverting back to economic pressure, which had been the consensus strategy until US President Donald Trump took over.
New
update2025.07.10 18:33

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
New
update2025.07.10 18:31

AUD/USD: Momentum buildup is fading - UOB Group

Further consolidation in Australian Dollar (AUD) still seems likely against US Dollar (USD), probably between 0.6505 and 0.6555.
New
update2025.07.10 18:22

USD/CHF holds gains near 0.7950, further upside seems limited

USD/CHF gains ground after two days of losses, trading around 0.7950 during the European hours on Thursday.
New
update2025.07.10 18:18

Antipodean holds not enough to turn around flows - BNY

Before the global financial crisis, AUD and NZD were considered the favored carry currencies, especially funded out of low-yielding names in APAC.
New
update2025.07.10 18:14

USD/JPY eyes key 148 resistance - Société Générale

USD/JPY has rebounded after defending its May low of 142.10, with daily MACD momentum turning positive and suggesting a recovery phase. The pair may now test the critical resistance zone at 148/148.65, while 144.20 serves as nearby support, Société Générale's FX analysts note.
New
update2025.07.10 18:09

NOK: Hot core inflation takes August cut off the table - ING

Norway released June CPI figures this morning, ING's FX analyst Francesco Pesole notes.
New
update2025.07.10 18:00

Dow Jones futures dip as Trump's copper tariff hits investors' confidence

Dow Jones Index Futures point to a negative opening on Thursday as investors' concerns about the consequences of Trump's copper tariffs to the US industry offset the positive impact of the dovish tilt observed in the FOMC minutes.All the main Wall Street index futures are in the red today.
New
update2025.07.10 17:56

GBP/USD: Likely to trade in a sideways range of 1.3570/1.3635 - UOB Group

Momentum indicators are still mostly flat; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3570/1.3635 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.07.10 17:55

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