EUR is underperforming on broadening political uncertainty – Scotiabank
The Euro (EUR) is weak, down 0.5% against the US Dollar (USD) and underperforming the G10 currencies as we head into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR is underperforming with news of Dutch no confidence vote
"Political uncertainty is in focus as market participants consider the news of a no confidence vote in the Netherlands, compounding existing concerns related to France. There have been no data releases and near-term ECB risk lies with Thursday’s ECB minutes and a scheduled speech from Rehn."
"The RSI remains close to neutral, having just broken below the dividing threshold at 50. The fresh local low is notable however, and shifts the focus to the Aug 1 low around 1.14. We remain neutral—for now—looking to a near-term range bound between 1.1550 support 1.1650 resistance."
Related Articles
Decoding Wall Street’s Q2 2025 Playbook
TradingKey - In Q2 2025, the S&P 500 achieved an 11% increase, reaching an all-time high, signaling a robust bull market. However, this rally was highly concentrated, driven primarily by a small group of technology stocks, while other sectors experienced limited growth or declines.
CrowdStrike 2025Q2 Earnings Preview: Well-Positioned for AI Innovations
TradingKey - CrowdStrike will release its earnings for the second quarter of the fiscal 2025 on August 27th after the bell.Overall, CRWD stock has been outperforming the broad market by being up 20% since the beginning of the year, however after July it has been in a constant decline.
Nvidia Q2 Earnings Expectations: With Little Room for Error, Will China-Related Risks Be Magnified?
TradingKey - Ahead of Nvidia Q2 FY2026 earnings report, multiple Wall Street firms have raised their price targets on Nvidia, reflecting strong confidence in AI demand. While analysts continue to forecast robust ~50% year-over-year growth in revenue and EPS, the China variable remains a major risk
What to Watch in Nvidia’s Q2 FY2026 Earnings: AI Growth, Margins, and Market Impact
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 FY2026 earnings on Wednesday, August 27, 2025, after the U.S. market closes. The earnings call is scheduled for 5:00 p.m. Eastern Time. With Nvidia being a bellwether in AI, gaming, and data center markets, and carrying significant...
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
