Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 26 - 07:55 AM

EUR/USD - Is Unlikely To Move Much In The Short-Term

By Jeremy Boulton  —  May 26 - 05:50 AM
  • EUR/USD is trapped between divergent pulls ECB/Fed policy

  • ECB meets June 9 and is expected to make big changes

  • Fed meets Jun 16 and is expected to hike 50bps

  • Fed will start to reduce balance sheet from June 1

  • Until there's news from ECB or Fed EUR/USD likely confined tight ranges

  • Two key factors; trend firmly down, traders long

  • After this pause there's a high probability downtrend resumes

  • Risk aversion is core to recent developments nL2N2XI0CY

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!