Trade tariff crossroad delayed, but the week ahead promises volatility

Analysts at MUFG Bank, hold a neutral bias regarding the EUR/USD pair and they see it trading in the 1.0850/1.1100 range next week. “The euro has risen marginally over the past week against the US dollar and just climbed back above the 1.1000-level. It has mainly been driven by US dollar weakness following on from recent softer US data releases. The release of the latest US retail sales report for September will be closely watched in the week ahead to assess how household spending is holding up after the surge in Q2. The US rate market is now more confident that the Fed will cut rates again later this month. The dovish tone of the Trendin Graphs forex broker Stock Global broker scam minutes from the September meeting supported rate cut expectations.”“The outcome from US-China trade talks could prove pivotal for US dollar performance in the week ahead. If there is a partial trade deal which suspends planned tariff hikes, it could encourage an extended relief rally for EUR/USD beyond the 1.1000-level. In contrast if there remains a disappointing lack of progress and trade tensions are left on a course of confrontation, then recent US dollar weakness could quickly reverse.”  Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

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