EUR firms briefly on German election – Scotiabank

FXStreetFeb 24, 2025 12:10 PM

View all comments（0）



The German federal election result yielded the expected shift to the right—a win for the conservative CDU/CSU and gains for the far-right AfD, Scotiabank's Chief FX Strategist Shaun Osborne notes.

EUR firms modestly, falls back on election

"The CDU did not win a majority, however, and will need to forge a coalition—most likely with the out-going Social-Democrats and rely on support from other, smaller parties – to govern."

"Coalition talks may take some weeks, however. EURUSD rallied to retest the low 1.05 area but resistance around 1.0530 capped gains again, keeping the near-term outlook for spot more or less flat."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Nasdaq Rebounds 1% After Yesterday's 5% Slump Led by Tech, SpaceX Shares Jump Over 8%

On Friday, November 6, Eastern Time, U.S. stocks diverged. Following a sharp drop in the previous session, chip stocks attracted dip-buyers, driving a rebound in the Nasdaq and the S&P 500, while the Dow remained under pressure. Meanwhile, stronger-than-expected employment data prompted markets to increase their bets on a Federal Reserve rate hike in December.

【US Pre-Market】Chip Stocks Rebound as Micron, AMD Rise Over 8% and SanDisk Jumps Over 12% Ahead of October Nonfarm Payrolls

TradingKey - On November 6, Eastern Time, futures tied to the three major U.S. stock indices were mixed. As of press time, Nasdaq 100 index futures were up about 1.49%, S&P 500 index futures rose approximately 0.22%, and Dow futures fell around 1.09%.

US Memory Stocks Rebound Strongly Pre-Market: SanDisk Rises 12%, Micron Gains Over 9%, but AI Selloff Cloud Has Not Dissipated

TradingKey - Following a heavy sell-off in the previous trading session, the U.S. memory sector staged a collective rebound in pre-market trading on November 6. SanDisk (SNDK) rose nearly 12%, Micron Technology (MU) gained over 9%, Western Digital (WDC) and Silicon Motion (SIMO) both climbed over 8%, Seagate Technology (STX) advanced more than 7%, and SK Hynix (SKHY) also rebounded nearly 6%.

Berkshire Hathaway Q3 Earnings Preview: Insurance Profits and Cash Deployment in Focus as UBS Raises Class B Price Target to $628

TradingKey - Berkshire Hathaway (BRK.A, BRK.B) will release its third-quarter 2026 financial results on the morning of November 7, Eastern Time. As of the close on November 5, its Class B shares closed at $572.33.

Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%

TradingKey - In the Asian session on November 6, the three major U.S. stock indices tumbled across the board overnight, with selling intensifying across the AI data center supply chain and largely erasing the previous session's rebound. As market concerns mounted over AI infrastructure financing cos

Featured Tools