Senior Analyst at Danske Bank Jens Pedersen assessed the prospects for the pair in the near term, influenced by Italian politics and upcoming US data. Key Quotes “In the majors, EUR/USD will likely continue to be influenced by the developments in Italy”. “However, today and the rest of the week, the market will also get some hard data to trade on with inflation due in both the US and Euro Area before the jobs report on Friday”. “In particular, the US data will be important as the market has started to doubt whether the Federal Reserve will deliver another two hikes this year. Note further that EUR/USD FX forwards have also been affected by the Italian woes as the EURUSD CCS basis widened yesterday to as much as -22bp”. 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 Italia: Political leaders set course for prolonged crisis – AmpGFX FX Street 5 years Senior Analyst at Danske Bank Jens Pedersen assessed the prospects for the pair in the near term, influenced by Italian politics and upcoming US data. Key Quotes "In the majors, EUR/USD will likely continue to be influenced by the developments in Italy". "However, today and the rest of the week, the market will also get some hard data to trade on with inflation due in both the US and Euro Area before the jobs report on Friday". "In particular, the US data will be important as the market has started to doubt whether the Federal Reserve will deliver another two… 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.
