EUR: Good momentum into Trump-Putin summit – ING

EUR/USD is approaching tomorrow’s US-Russia summit with good momentum, and the option market does not seem to be pricing in major volatility risk, ING's FX analyst Francesco Pesole notes.

EUR/USD may stabilise around 1.170 for today

"Today, the eurozone calendar includes the second 2Q GDP release. The advanced print was 0.1% QoQ, although markets gave it limited weight given the heavy tariff distortion. Eurozone industrial production figures for June are also published today: expectations are for a soft print after Germany reported a surprise -3.6% YoY figure."

"One-week EUR/USD implied volatility is at the bottom of its recent range and in line with historical volatility. EUR/USD may stabilise around 1.170 for today, with a balance of risks still skewed to the upside."

Aug 14, 2025

EUR/GBP dips to multi-week lows below 0.8600 after bright UK data

The Euro extended losses as the Pound Sterling surged across the board on Thursday, as stronger-than-expected UK GDP and Manufacturing production figures provided further reasons for the BoE to keep interest rates steady for some time.Data released by National Statistics showed that the UK economy g

Oil falls on bearish fundamentals – ING

The oil market came under further pressure yesterday, settling under US$66/bbl for the first time since early June. Sentiment was bearish following releases from the International Energy Agency (IEA) and Energy Information Administration (EIA).