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: 2025.10.07
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EUR: French politics is weighing - ING
Breaking news
EUR: French politics is weighing - ING
New
2025.10.07 17:58
2025.10.07 17:58
2025.10.07 17:58
The latest reports suggest President Macron has given the outgoing Prime Minister Sebastien Lecornu until Wednesday evening to try and work with a fractured parliament to find a new prime minister. It is not clear what would happen if Lecornu fails, with the options presumably being a pure technocrat for the job or early elections, ING's FX analyst Chris Turner notes.
Downside risks are building in the absence of fresh US news
"Betting markets currently price a 57% probability that early elections are called by the end of this month. But as our team writes, it's not clear that early elections will solve anything. Expect FX traders to keep one eye on the French: German OAT:Bund spread over the coming weeks and months. A move through 90bp would raise some alarm bells and add to some independent weakness in the euro."
"EUR/USD has been finding support at 1.1650, but it feels like downside risks are building in the absence of fresh news from the US."
Last updated
: 2025.10.07
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GBP/USD: Likely to continue to trade in a range - UOB Group
Slowing downward momentum suggests Pound Sterling (GBP) is likely to continue to trade in a range, expected to be between 1.3030 and 1.3090. In the longer run, GBP is still negative, but further downside may be limited.
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2025.11.06 19:15EUR/NOK carves interim low at 11.53 - Société Générale
EUR/NOK is consolidating between 11.53 and 11.83, showing no clear directional bias after stalling near September's low, Société Générale's FX analysts note.
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2025.11.06 19:13EUR/USD: Likely to trade between 1.1475 and 1.1525 - UOB Group
Tentatively slowing downward momentum and oversold conditions suggest consolidation in EUR, likely between 1.1475 and 1.1525. In the longer run, EUR is expected to weaken further; the next level to watch is 1.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.11.06 19:08Eurozone Retail Sales rise 1% YoY in September, as expected
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2025.11.06 19:04ECB's de Guindos: Optimistic on growth and services inflation
European Central Bank (ECB) Vice President Luis de Guindos said in the webinar "Euro area current policy challenges" via online livestream on Thursday that he is comfortable with where interest rates currently are.
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2025.11.06 18:05USD/JPY: Nearing recent highs again - OCBC
USD/JPY rebounded to trade closer to 154, after trading briefly below 153 overnight. Pair was last seen at 153.54 levels. The rebound overnight tracked UST yields higher, after US data surprised to the upside, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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2025.11.06 18:00EU Gas market faces winter risk amid heavy shorting - ING
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2025.11.06 17:48Disclaimer:
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