Created
: 2025.10.28
- 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 grinds cautiously higher for fifth day - Scotiabank
World FX news
Breaking news
EUR grinds cautiously higher for fifth day - Scotiabank
New
2025.10.28 23:24
2025.10.28 23:24
2025.10.28 23:24
The Euro (EUR) is grinding slowly but surely higher, with the support of short-term spreads which are maintaining the recent compression in EZ/US short-term yields, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR crawls higher to test upper 1.16 area
"EUR gains on the crosses are supportive but markets may be reluctant to chase the EUR much higher ahead of key national and Eurozone Q3 GDP data Thursday amid concerns that German data may be weak (after a -0.3% result for Q2)."
"The EUR is up for a fifth day on the trot and while gains reflect a rejection of the 1.16 test last week, the lift is marginal and the EUR remains well within recent ranges. EUR gains extending through 1.1665/70 (100-day MA at 1.1664, coinciding with rough channel resistance off the September peak) may drive more strength in the EUR and a retest the recent peak at 1.1728."
Last updated
: 2025.10.28
Related articles
EUR/USD holds modest gains as markets await Fed interest rate decision
33 minutes agoUSD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
2025.10.29 00:32USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
2025.10.29 00:13GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
2025.10.29 00:07GBP underperforms versus USD - Scotiabank
2025.10.28 23:24EUR grinds cautiously higher for fifth day - Scotiabank
2025.10.28 23:23
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
EUR/USD holds modest gains as markets await Fed interest rate decision
The Euro (EUR) trades on the front foot against the US Dollar (USD) on Tuesday as the Greenback softens following disappointing US Consumer Confidence data.
New
2025.10.29 01:52WTI Oil declines on OPEC+ production hike, Russia sanctions offer partial support
West Texas Intermediate (WTI) US Oil drops 2.55% on Tuesday, trading around $59.80 at the time of writing. Crude Oil prices come under pressure after reports that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) plan to increase production starting in December.
New
2025.10.29 01:39USD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday as the Greenback weakens following the latest US Consumer Confidence report. At the time of writing, USD/CAD is trading around 1.3944, extending losses for the second consecutive day and down roughly 0.30%.
New
2025.10.29 00:32USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
USD/CHF trades lower on Tuesday, around 0.7930 at the time of writing, down 0.27% for the day. The pair extends its four-day losing streak as the Swiss Franc (CHF) strengthens amid fading expectations of further monetary easing by the Swiss National Bank (SNB).
New
2025.10.29 00:13GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
The GBP/USD dives more than 0.50% on Tuesday as market participants digested news of the UK's Office for Budget Responsibility (OBR), which plan to cut productivity, leading to a huge hole in the public finances. The pair tumbled below 1.3300 for the first time since mid-October.
New
2025.10.29 00:07GBP underperforms versus USD - Scotiabank
Pound Sterling (GBP) is a moderate underperformer on the session so far, falling 0.1% against the US Dollar (USD) at writing after giving up early gains through the upper 1.33s in Asian trade.
New
2025.10.28 23:24EUR grinds cautiously higher for fifth day - Scotiabank
The Euro (EUR) is grinding slowly but surely higher, with the support of short-term spreads which are maintaining the recent compression in EZ/US short-term yields, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.28 23:23CAD is little changed on the day - Scotiabank
Spot is little changed.
New
2025.10.28 23:21USD mixed to marginally lower - Scotiabank
The US Dollar (USD) is mixed but tracking a little lower overall as the Dollar Index (DXY) continues to drift back from the 99 zone where the index appears to have peaked after its latest run higher, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.28 23:19GBP/JPY slips to one-week low as Yen firms on intervention risk and trade optimism
The British Pound (GBP) fell sharply against the Japanese Yen (JPY) on Tuesday as the Yen strengthened across major peers, recovering from recent weakness tied to Japan's political and fiscal developments.
New
2025.10.28 23:09Disclaimer:
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
