Aila Mihr, analyst at Danske Bank, suggests that with a US-China trade deal postponed, focus for majors is clearly on where the global and the European cycle are heading and focus today will be on the German Ifo numbers. Key Quotes “EUR/USD has been supported in recent weeks by rate spreads moving in its favour, but towards the end of last week sentiment clearly shifted despite – or rather due to – a dovish Fed.” “Recession fears have clearly come back with a vengeance with the inversion of the US curve on Friday and to the extent that markets are grabbed near term by fears of a wider and deeper global slowdown. The scope for this to hit the EUR negatively is tangible in our view: the Fed is already priced for cuts, whereas the ECB is one of the few central banks that is effectively open for repricing in a softer direction given its option of restarting QE.” “We continue to see risks in EUR/USD tilted to the downside short term and the plethora of Fed and ECB speakers this week could prove instrumental in this respect.” 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 Australian yield curve could flatten – Goldman Sachs FX Street 4 years Aila Mihr, analyst at Danske Bank, suggests that with a US-China trade deal postponed, focus for majors is clearly on where the global and the European cycle are heading and focus today will be on the German Ifo numbers. Key Quotes "EUR/USD has been supported in recent weeks by rate spreads moving in its favour, but towards the end of last week sentiment clearly shifted despite - or rather due to - a dovish Fed." "Recession fears have clearly come back with a vengeance with the inversion of the US curve on Friday and to the extent that markets are… 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.
