OctaFX | OctaFX Forex Broker
Open trading account

EUR: Making cents of the US tax plan - ING

Despite a lot of fresh (US) inputs, the dollar hasn't gone very far and in fact, one-month EUR/USD traded volatility is crashing below 6% and favouring more range trading in the near-term, explains Viraj Pael, Research Analyst at ING.

Key Quotes

“Going forward expect the US tax plan to remain in focus, including potential scoring by the CBO and GOP mark-ups this week.”

“Were the tax plan to make progress, e.g. passed in the House by Nov 16th, we don't think the repatriation story would be key to the dollar. Instead, some elements of the border tax proposal - disguised as 'excise duties' in Brady tax bill - could bring back into focus the economic arguments for a one-off appreciation adjustment in the US dollar.”

Eurozone services activity growth ticks up in October

Eurozone services PMI rose to 55.0 in October up from 54.9 in September indicating strong economic growth at the start of fourth quarter. The Eurozon
Read more Previous

Gold recovers back above $1270, but lacks follow through traction

   •  Falling US bond yields/safe-haven demand help reverse early downtick.     •  Fed rate hike expectations should cap any meaningful recovery.  A
Read more Next
Start livechat