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Jan 19 - 05:55 AM

EUR/USD - Big News Required For EUR/USD To Break Free

By Jeremy Boulton  —  Jan 19 - 04:55 AM
  • EUR/USD is continually gravitating toward 1.0867

  • This is the centre of drop resulting from U.S. tightening cycle

  • Pair traded around this neutral point throughout 2023

  • Vol has dropped and bets on a rise are weighing (longs most popular FX bet)

  • Anticipated easing cycles - fuel for gambling - may support

  • Expected ECB and Fed easing is similar - small gap favouring USD to remain

  • BOJ intervention could spur bigger movement nL1N3E90EU

Source:
Refinitiv IFR Research/Market Commentary

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