EUR/USD trades sideways as Middle East tensions hurt sentiment
The post EUR/USD trades sideways as Middle East tensions hurt sentiment appeared on BitcoinEthereumNews.com. The Euro trades practically flat on the day with risk appetite fading. Fears of escalation in the Middle East conflict are providing support to the US Dollar. EUR/USD is moving within a small triangle pattern around 1.1550. The EUR/USD pair is trading practically flat, halfway through the 1.1500 range on Tuesday. Waning hopes of a truce in the Middle East have dampened risk appetite, but market volatility remains contained so far as investors await a slew of monetary policy decisions, including the Federal Reserve’s (Fed) later this week. Israel and Iran have continued exchanging fire for the fifth day, and US President Donald Trump has urged citizens to evacuate Tehran, before leaving the G7 summit one day earlier to meet with the National Security Council. Concerns that the US might get involved in the conflict have boosted risk aversion. Nevertheless, market moves remain limited so far, with investors looking from the sidelines ahead of US Retail Sales data, due later on Tuesday, and the outcome of the Fed’s monetary policy meeting, on Wednesday. The US central bank is widely expected to leave rates unchanged, but investors will be particularly attentive to the summary of economic projections and potential variations in the dot plot to asses the path of interest rates in the near term. Daily digest market movers: The US Dollar recovers its safe-haven status Trump’s hasty exit from the G7 summit has boosted concerns that the US might get involved in the Israel-Iran conflict. The news has crushed investors’ appetite for risk and provided some support to the US Dollar on higher demand for safe assets. Israel and Iran continued exchanging missiles before that. Iran vowed to launch its largest missile attack in history at Israel, while Israeli Prime Minister Benjamin Netanyahu threatened to kill Iran’s Supreme Leader, Ali…
The post EUR/USD trades sideways as Middle East tensions hurt sentiment appeared on BitcoinEthereumNews.com.
The Euro trades practically flat on the day with risk appetite fading. Fears of escalation in the Middle East conflict are providing support to the US Dollar. EUR/USD is moving within a small triangle pattern around 1.1550. The EUR/USD pair is trading practically flat, halfway through the 1.1500 range on Tuesday. Waning hopes of a truce in the Middle East have dampened risk appetite, but market volatility remains contained so far as investors await a slew of monetary policy decisions, including the Federal Reserve’s (Fed) later this week. Israel and Iran have continued exchanging fire for the fifth day, and US President Donald Trump has urged citizens to evacuate Tehran, before leaving the G7 summit one day earlier to meet with the National Security Council. Concerns that the US might get involved in the conflict have boosted risk aversion. Nevertheless, market moves remain limited so far, with investors looking from the sidelines ahead of US Retail Sales data, due later on Tuesday, and the outcome of the Fed’s monetary policy meeting, on Wednesday. The US central bank is widely expected to leave rates unchanged, but investors will be particularly attentive to the summary of economic projections and potential variations in the dot plot to asses the path of interest rates in the near term. Daily digest market movers: The US Dollar recovers its safe-haven status Trump’s hasty exit from the G7 summit has boosted concerns that the US might get involved in the Israel-Iran conflict. The news has crushed investors’ appetite for risk and provided some support to the US Dollar on higher demand for safe assets. Israel and Iran continued exchanging missiles before that. Iran vowed to launch its largest missile attack in history at Israel, while Israeli Prime Minister Benjamin Netanyahu threatened to kill Iran’s Supreme Leader, Ali…
What's Your Reaction?
