Credit Agricole on the euro
like global risk sentiment and Fed rate expectations.
This week will be quiet in terms of top tier data releases. As such we expect majors such as EUR/USD to be driven still by external factors
With investors’ Fed monetary policy expectations unlikely to rise in the short-term and as global risk sentiment appears more unstable given rising uncertainty when it comes to protectionist developments, as driven by US President Trump, it cannot be excluded that the pair face further upside risks. However, intact uncertainty related to French elections and the scope of an early election in Italy, should keep the upside fairly limited from the current levels.
