Euro Outlook Could Darken on Gradual Progress, Dovish ECB

EUR/USD chart created with TradingView

EURO FORECAST: BEARISH

• Euro could refocus on yield shortfall vs. majors as Brexit danger fades
• PMI, IFO survey information could assist verify dovish ECB coverage outlook
• EU-US commerce tensions could deepen as China deal emboldens Trump

Recommended by Ilya Spivak

Cross-Market Weekly Outlook

Register to webinar

Join now

Webinar has ended

The Euro was handled to a considerable reprieve on the political danger entrance final week because the Conservative occasion stormed to a commanding win within the UK basic election. That units the stage for passing the Brexit withdrawal settlement reached between the EU and the federal government of Prime Minister Boris Johnson.

This appears to all however banish the chance of a disorderly EU/UK divorce within the close to time period, a constructive growth for the financial outlook on either side of the English Channel. Commerce deal…