EUR/USD looks to US-China, FOMC, ECB – Danske Bank

Pablo Piovano FXStreet

Mathias Mogensen, Analyst at Danske Bank, assessed the main drivers for the pair ahead in the week.

Key Quotes

“EUR/USD was slightly up after the mixed-to-slightly-negative US payrolls report and Powell’s gradual-hikes-warranted speech on Friday; the cross has proved somewhat immune to trade issues in recent weeks but if an escalation takes place amid deteriorating data outside of the US and a healthy start to the US earnings season, it could deliver a (temporary) USD revival”.

“Other than Trump and trade, focus this week on minutes from both the latest FOMC and ECB meetings; any comments from the Fed on USD liquidity issues and/or from the ECB regarding timing of the next ‘exit’ step will be of interest to the FX market”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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