EUR steady into Fed/ECB as spread correlations strengthen – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session roughly flat against the US Dollar (USD) as it recovers from minor overnight losses and finds renewed support on the back of broader trade-related sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is entering Wednesday’s NA session roughly flat against the US Dollar (USD) as it recovers from minor overnight losses and finds renewed support on the back of broader trade-related sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR’s technicals remain neutral

"Correlation studies reveal a renewed strengthening in the EUR/ yield spread relationship, offering a return to fundamentally-driven movement as market participants eye Wednesday’s Fed and Thursday’s ECB. The ECB remains decidedly neutral, offering a clear contrast to a dovish Fed. Fundamental releases have been limited ahead of Thursday’s euro area Q3 GDP and Germany’s CPI."

"The EUR’s technicals remain neutral, reflecting the flat range since July. The RSI is hovering just below 50, and the 50 day MA (1.1687) has flattened out. We remain neutral absent a break above 1.1750 and look to a near-term range bound between 1.1600 and 1.1700."

FXStreet
Trade The World
Lebih dari satu juta pengguna mengandalkan FXStreet untuk data pasar real-time, alat charting, wawasan ahli, dan berita forex. Kalender ekonomi komprehensif dan webinar edukatif membantu trader tetap mendapat informasi dan membuat keputusan terukur. FXStreet memiliki sekitar 60 profesional yang tersebar antara kantor pusat Barcelona dan berbagai wilayah global.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Jelajahi Lebih Banyak Tools
Akademi Trading
Jelajahi berbagai artikel edukasi yang mencakup strategi trading, wawasan pasar, dan dasar-dasar keuangan, semua dalam satu tempat.
Pelajari Lebih Lanjut
Kursus
Jelajahi kursus trading terstruktur yang dirancang untuk mendukung pertumbuhan Anda di setiap tahap perjalanan trading Anda.
Pelajari Lebih Lanjut
Webinar
Ikuti webinar langsung dan on-demand untuk mendapatkan wawasan pasar real-time dan strategi trading dari para ahli industri.
Pelajari Lebih Lanjut