EUR: Good momentum into Trump-Putin summit – ING
|EUR/USD is approaching tomorrow’s US-Russia summit with good momentum, and the option market does not seem to be pricing in major volatility risk, ING's FX analyst Francesco Pesole notes.
EUR/USD may stabilise around 1.170 for today
"Today, the eurozone calendar includes the second 2Q GDP release. The advanced print was 0.1% QoQ, although markets gave it limited weight given the heavy tariff distortion. Eurozone industrial production figures for June are also published today: expectations are for a soft print after Germany reported a surprise -3.6% YoY figure."
"One-week EUR/USD implied volatility is at the bottom of its recent range and in line with historical volatility. EUR/USD may stabilise around 1.170 for today, with a balance of risks still skewed to the upside."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.