EUR/USD set to slide below the 1.09 level soon.

EUR/USD fell below 1.10 on Monday but closed the day virtually unchanged slightly below that level. Economists at ING still expect the pair to break under the 1.09 mark in the coming days.

Only limited respite from peace talks

“We estimate the current short-term fair value in the 1.07/1.08 area at the moment.”

“Peace talks between Russia and Ukraine are offering some support to the euro. However, we suspect we’ll need to see continued optimism on this side to keep the EUR/USD afloat given the pressure applied by rising US yields.”

“We continue to see downside risks for EUR/USD in the near-term, even if peace talks offer some temporary respite, and we still expect a break below 1.0900 soon.”

EUR/USD holds steady below 1.1000, awaits Ukraine peace talk news.EUR/USD holds steady in a tight range below 1.1000 the figure. The US dollar regains poise amid an uptick in the Treasury yields amid a mixed market mood. The main focus is on the Ukraine crisis and forthcoming peace talks that start up again on Tuesday. 


GBP/USD: In bearish consolidation below 1.3100.GBP/USD is consolidating around 1.3100, as bears take a breather amid a cautiously optimistic market and the renewed US dollar demand. BOE Governor Bailey said Monday that the situation is very volatile when asked about a May rate hike. Ukraine updates, US data eyed. 


Gold surrenders gains as yields rebound on mixed markets.Gold has surrendered its all intraday gains and is preparing to turn bearish. Gold prices are likely to display a bearish open rejection-reverse day. The 10-year benchmark US Treasury yields have turned positive after a weak opening on Tuesday.

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