Created
: 2025.08.26
- 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/USD: French political risk weighs - OCBC
Breaking news
EUR/USD: French political risk weighs - OCBC
New
2025.08.26 17:27
2025.08.26 17:27
2025.08.26 17:27
Euro (EUR) fell overnight. French PM Bayrou said he would call for a confidence vote on budget on 8 September in an effort to force political parties to take a position on the government's budget proposals in parliament rather than through street protests planned for later that week. EUR was last at 1.1610 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Indicators are not showing a clear bias
"President Macron has allowed for parliament to return into session earlier in order to allow the government to present its plan and to hold the confidence motion. Last year, a no-confidence motion (although not on budget) saw the exit of former PM Barnier. This is one risk to watch for implication on EUR."
"Daily momentum and RSI indicators are not showing a clear bias. 2-way trades still likely. Support at 1.1570 levels. Resistance at 1.1730, 1.18 levels."
Last updated
: 2025.08.26
Related articles
EUR: French political uncertainty is on the rise acting as a dampener on Euro - MUFG
8 minutes agoAUD/USD: Likely to trade in a range of 0.6455/0.6505 - UOB Group
19 minutes agoUSD whips on data but wilts on Trump - DBS
25 minutes agoGBP/USD: Likely to trade in a range between 1.3440 and 1.3520 - UOB Group
44 minutes agoEUR/USD: Likely to trade in a range of 1.1600/1.1690 - UOB Group
48 minutes agoJPY: Still hoping for wages - Commerzbank
53 minutes ago
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: Likely to trade between 0.5830 and 0.5875 - UOB Group
The current price movements are likely part of a range-trading phase between 0.5830 and 0.5875.
New
2025.08.26 18:58Gold eases from $3,385 highs as Fed's Cook refuses to resign
Gold's rally from Monday's lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385. The Precious metal has stalled below $3,380, as the US Dollar regains lost ground, following Fed Governour Lisa Cook's rejection of President Trump's calls to fire her.
New
2025.08.26 18:52EUR: French political uncertainty is on the rise acting as a dampener on Euro - MUFG
One of the main developments at the start of this week has been the announcement from French Prime Minister Francois Bayrou that he has agreed with President Emmanuel Macron to call parliament back into session early in order to allow the government to present its budget plan and hold a confidence m
New
2025.08.26 18:51AUD/USD: Likely to trade in a range of 0.6455/0.6505 - UOB Group
Australian Dollar (AUD) is likely to trade in a range of 0.6455/0.6505. In the longer run, slight increase in upward momentum is likely to lead to a higher range of 0.6440/0.6540 rather than a sustained advance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.26 18:40USD whips on data but wilts on Trump - DBS
The DXY Index climbed 0.7% to 98.4 overnight, primarily on profit-taking sparked by better-than-expected US new home sales (NHS).
New
2025.08.26 18:34GBP/USD: Likely to trade in a range between 1.3440 and 1.3520 - UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3440 and 1.3520. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.26 18:15EUR/USD: Likely to trade in a range of 1.1600/1.1690 - UOB Group
Euro (EUR) is likely to trade in a range of 1.1600/1.1690. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.26 18:11JPY: Still hoping for wages - Commerzbank
The Bank of Japan remains convinced that rising wage growth will lead to sustainably higher inflation. Meanwhile, lower inflation regarding food prices is pushing down the overall rate. Excluding energy and food, inflation has been below 2% for some time now.
New
2025.08.26 18:06EUR/JPY price forecast: Falls to near 171.50 as bearish bias emerges
EUR/JPY extends its losses for the second successive session, trading around 171.50 during the European hours on Tuesday. The technical analysis of the daily chart suggests the emergence of a bearish market bias as the currency cross is remaining slightly below the ascending channel pattern.
New
2025.08.26 18:05China's growing exports: Not just transshipment - Standard Chartered
China's y/y export growth accelerated during H1 despite a sharp decline in exports to US. Phones and laptops comprised an outsized share of China's declining exports to the US.
New
2025.08.26 17:59Disclaimer:
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
