Senior Analyst at Danske Bank Mikael Milhoj noted headlines around the Italian budget should be relevant in the pair’s price action today. Key Quotes “Yesterday’s FOMC meeting left EUR/USD little changed, albeit the initial announcement triggered a spike higher, which was later reversed”. “Today , focus will turn to the Italian budget proposal. With markets now fully pricing in a budget deficit well below the 3% of GDP threshold, we would have to see a significant negative surprise to see any spill over to FX markets and naturally the EUR in particular”. “We don’t expect that to be the case and hence today’s release should primarily be important for fixed income markets, in our view”. 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 USD/CAD Technical Analysis: Rallies hard to 1-1/2 week tops, just above mid-1.3000s FX Street 4 years Senior Analyst at Danske Bank Mikael Milhoj noted headlines around the Italian budget should be relevant in the pair's price action today. Key Quotes "Yesterday's FOMC meeting left EUR/USD little changed, albeit the initial announcement triggered a spike higher, which was later reversed". "Today , focus will turn to the Italian budget proposal. With markets now fully pricing in a budget deficit well below the 3% of GDP threshold, we would have to see a significant negative surprise to see any spill over to FX markets and naturally the EUR in particular". "We don't expect that to be the case… 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.
