Euro: Downside risks with 1.1100 in sight against US Dollar – ING
ING, Institutional, Market Analysis
Euro: Downside risks with 1.1100 in sight against US Dollar – ING
Francesco Pesole at ING highlights that the Euro (EUR) is under pressure from French bond market turbulence, which is adding a fiscal risk premium and driving a repricing lower in European Central Bank (ECB) rate expectations. Swap differentials now resemble levels historically consistent with weaker EUR/USD. ING sees limited confidence in a sustained rebound and […]
by Currency Hedger
- 0 Comments
- 3 days ago
France Budget Deficit Widens in Jan-Aug
France’s state budget deficit widened to EUR 159.6 billion in the January-August period from EUR 157.5 billion a year earlier. Expenditure rose 4.4% year-on-year to EUR 362.97 billion, driven mainly by higher debt-servicing costs amid rising interest rates and inflation, increased military spending, and higher public energy service charges (CSPE). Meanwhile, general budget revenue increased […]
by Currency Hedger
- 0 Comments
- 3 days ago
French Construction Downturn Persists
The S&P Global France Construction PMI rose to 39.8 in September 2026 from 37.3 in August, remaining well below the 50 threshold, signaling a continued sector-wide downturn. Commercial construction was once again the weakest segment, posting a steep decline followed by residential construction, while civil engineering activity posted its slowest contraction in eight months. New […]
by Currency Hedger
- 0 Comments
- 3 days ago
Germany Construction Activity Falls at Faster Pace
The S&P Global Germany Construction PMI fell to 43.5 in September 2026 from August’s eight-month high of 48.7. The renewed downturn in housing activity was a key drag, with the sector recording its steepest contraction since December 2024 after showing signs of stabilization in August. Commercial activity also suffered a fresh setback following a brief […]
by Currency Hedger
- 0 Comments
- 3 days ago
Economic Calendar: Retail Sales and Fed Speakers in Focus
Today’s macroeconomic calendar is moderately busy, with several releases that could increase volatility across FX and bond markets. The main focus in Europe will be on eurozone retail sales and the UK Construction PMI. In the afternoon, attention will shift to the US and Canada, with the weekly ADP employment change, trade balance data, the […]
by Currency Hedger
- 0 Comments
- 3 days ago
EUR, Hedging, Market Analysis, Technical Analysis, USD
Chart of The Day – EUR/USD Drops to May 2025 Levels as German Industrial Production Slide
German industrial orders fell by 10.6% month-on-month in August, compared with analysts’ expectations for a 1% decline and a 2.5% increase in July. EUR/USD has resumed its decline and is trading at its lowest level since May 19, 2025 following the release, which raises serious questions about the outlook for the eurozone’s largest economy. The […]
by Currency Hedger
- 0 Comments
- 3 days ago
ECB’s Lane: High inflation due to energy shock is driving hawkish ECB sentiment
European Central Bank (ECB) Chief Economist Philip Lane said in an interview with ANSA, released during the European trading session on Tuesday, that energy shock-led inflationary pressures are key driver to the high interest rates narrative. Comments Energy prices are high but strength of pass-through to the rest of economy remains uncertain. Main driver of […]
by Currency Hedger
- 0 Comments
- 3 days ago
CommerzBank, Institutional
Turkish Lira: CPI surprise seen enabling rate cut – Commerzbank
Tatha Ghose at Commerzbank reports Turkey’s September Consumer Price Index (CPI) fell below 30% year-on-year, with softer month-on-month gains, creating scope for the central bank to cut rates by 100 bps. He warns the Lira remains heavily managed by official intervention and cannot benefit sustainably. A rate cut and possible re-acceleration of inflation later this […]
by Currency Hedger
- 0 Comments
- 3 days ago
Dankse Bank, Institutional
Equities: Broad catch-up as yields back up – Danske Bank
Danske Research Team report that Equities moved higher on Monday, with the Nasdaq hitting a fresh record and the S&P 500 just 0.3% below its own peak. Gains occurred despite another backup in long‑term yields, with positive market breadth and an unusual sector mix. The move is described as a broader catch‑up session rather than […]
by Currency Hedger
- 0 Comments
- 3 days ago
ING, Institutional
Brent: Prices hold near $100 as Gulf risks persist – ING
ING analysts Warren Patterson and Ewa Manthey note that ICE Brent is still finding support around the $100/bbl level as geopolitical risks in the Persian Gulf outweigh an improving supply backdrop. They highlight recent attacks on Saudi infrastructure, adjustments in Kuwait and Saudi output and pricing, and lingering vulnerability in European natural gas storage ahead […]
by Currency Hedger
- 0 Comments
- 3 days ago