Euro (EUR) is up a modest 0.2% against the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Markets eye heavy ECB speech calendar with easing still priced into year-end
"Fundamentals are offering little from a directional perspective as interest rate differentials have fallen back into their prior range and reversed their recent EUR-supportive gains. This week’s release calendar is limited to investor confidence (Tuesday) and industrial production (Friday) and there is a heavy ECB calendar with about 15 speeches scheduled ahead of Friday."
"The focus for the ECB is on the near-term path for policy and uncertainty around the need for further easing. Markets are still pricing 25bpts of easing by December while some policymakers have expressed confidence in the possibility that the ECB has already reached its terminal rate for this latest easing cycle."
"The EUR’s technicals remain bullish, despite signs of minor exhaustion and its inability to extend much beyond 1.1400. The multimonth trend remains bullish and support has been observed at the 50 day MA (1.1271). The RSI is at 57 and well short of overbought levels. We look to near-term support around 1.1350 and near-term resistance around 1.15."
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stays firm near 1.1750 as tariffs uncertainty downs the US Dollar
EUR/USD holds moderate gains near 1.1750 in the European session on Tuesday. The pair is helped by sustained US Dollar weakness amid uncertainty around US President Trump's tariff plans. Additionally, optimism surrounding a likely EU-US trade deal underpins EUR/USD.
GBP/USD: Pound Sterling sellers look to retain control
GBP/USD erases gains to test 1.3600 in European trading on Tuesday. The pair fails to find any impetus from broad US Dollar weakness as traders adopt caution amid US President Donald Trump's latest tariff on 14 countries that have yet to secure trade deals with Washington.
Gold price lacks bearish conviction amid rising trade tensions, renewed USD selling
Gold price sticks to modest intraday losses through the early European session on Tuesday, though it lacks follow-through selling amid a combination of diverging forces. Investors now seem convinced that the Fed will keep interest rates steady amid expectations that US President Donald Trump's tariffs would underpin US inflation.
Altcoin to watch this week: Polymesh remains strong despite Bitcoin slipping below $109,000
Polymesh (POLYX) continues to extend its gains, trading around $0.132 at the time of writing on Tuesday, after a 5% rally over the past two days. Derivatives data reinforces the bullish sentiment, with POLYX’s funding rates turning positive, open interest climbing and long positions increasing.
Eurozone Retail Sales drop in May, confirming second quarter weakness
The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.