Analysts at Danske Bank explain that the EUR/USD has been dragged down by the marked divergence in growth momentum still visible in PMIs on Friday and cyclical dispersion is set to remain a key factor near term. Key Quotes “A range of prominent ECB speakers today including Draghi in front of the EU parliament could set the scene for ECBs next draw and provide EUR with a hint of whether now is the time to buy into ‘rates hikes are coming’ in the euro zone. That said, we tend to think it is too early for the single currency to get too excited about this given the meagre inflation outlook.” “Besides inflation figures later in the week, USD will look to both the Fed minutes – which we think could ‘disappoint’ recent softness in the pricing of hikes – and the 1 December Xi Jinping-Trump meeting – where a possible ceasefire could be seen.” “Overall, EUR/USD is set to stay under pressure but in a range around 1.13, with a possible kneejerk reaction higher if the market smells a trade deal.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple’s XRP Technical Analysis: XRP/USD promising signs for the bulls return FX Street 4 years Analysts at Danske Bank explain that the EUR/USD has been dragged down by the marked divergence in growth momentum still visible in PMIs on Friday and cyclical dispersion is set to remain a key factor near term. Key Quotes "A range of prominent ECB speakers today including Draghi in front of the EU parliament could set the scene for ECBs next draw and provide EUR with a hint of whether now is the time to buy into 'rates hikes are coming' in the euro zone. That said, we tend to think it is too early for the single currency to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
