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
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
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

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa