EUR: Range break-out – ING

EUR/USD has broken to the topside of a 10-week trading range, and it looks hard to resist the move, ING's FX analyst Chris Turner notes.

FOMC is approaching

"Two-year EUR:USD swap rate differentials have narrowed around 50bp in favour of the euro over those 10 weeks."

"As above, tonight's FOMC will be the dominant theme now, and we'd expect good demand for EUR/USD on any corrective dip to the 1.1750/1780 area during Powell's press conference. Seasonality now builds against the dollar – especially in November and into December – and 1.1910 looks like the final resistance level before 1.20 is hit."

Sep 17, 2025

ECB's tracker sees wage growth falling further in 2026

The European Central Bank's (ECB) wage tracker suggested on Wednesday that wage pressures are expected to remain lower and more stable in the first half of 2026.

API reports Oil inventory draws – ING

After rallying for three days, ICE Brent and NYMEX WTI were seen trading lower in the early trading session today, even as the American Petroleum Institute (API) reported large crude Oil inventory withdrawals in the US, ING's commodity experts Ewa Manthey and Warren Patterson note.