- Analytics
- News and Tools
- Market News
- EUR: Tariff threat dominates – ING
EUR: Tariff threat dominates – ING
The emphatic nature of the tariff threat has proved a wake-up call for EUR/USD and traded volatility prices have jumped, ING's FX analyst Chris Turner notes.
A move below 1.0370 opens up 1.0330 and 1.0280
"We were never in the camp arguing that a global trade war had been fully factored into global FX markets and retain a view that EUR/USD can move to the 1.00/1.02 area in the second quarter as tariffs come in more broadly and the ECB cuts the deposit rate to 1.75%."
"We have been here before though. And any news of Canada and Mexico cutting a deal with Washington could see yesterday's EUR/USD losses turning around. But for the time being, the threat of tariffs and their impact on global growth is euro negative. And we expect investors to be adopting more defensive positions into next Tuesday's event risk."
"We see a short term window for EUR/USD to move lower and think that 1.0400/0420 intra-day resistance can hold and a move below 1.0370 opens up 1.0330 and potentially even 1.0280 ahead of next Tuesday."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
