EUR/USD bias flipped 9 times to bearish on October 7, 2026
The euro has been pressured by renewed selling in French bonds, with only brief relief when French deficit-reduction steps narrowed the OAT-Bund spread. At the same time, rising oil prices and US yields at 24-year highs have supported the US dollar, offsetting upbeat German data for EUR/USD.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 9 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 07:17Bearish
- 07:57Neutral
- 08:47Bearish
- 15:12Weak bullish
- 15:42Bearish
- 21:03Weak bullish
- 21:18Neutral
- 22:03Weak bullish
- 22:58Bearish
Headlines (18)
First seen on October 7
- Euro extends its reversal as rising Oil prices offset upbeat German dataFXStreet
- US Dollar Gains as Oil Surge Boosts US Economy and Europe Stumbles. Forecast as of 07.10.2026LiteFinance
- Euro plummets as French bonds sell-off intensifies after a day reliefFXStreet
- Renewed Pressure in Europe Helps Lift the Greenbackmarctomarket.com
- Sunset Market CommentaryActionForex
- EUR/USD Faces 1.1160 Breakdown as US Yields Reach 24-Year HighsInvesting.com
- The Euro gives back its bounce as French bonds sell off againFXStreet
Carried over from earlier days
- FX Daily: Euro repriced for fiscal woesING Think
- Market Quick Take – Weak euro in focus - 05 October 2026home.saxo
- Forex Today: Euro selloff picks up steam, US Dollar ignores easing rate hike betsFXStreet
- Euro attempts to regain the 1.1200 level following mixed Services activity dataFXStreet
- Why Is the Euro at a 17-Month Low? Spain and France Are Only Half the StoryBeInCrypto
- Stock Futures Drift As Attention Turns To European Debt CrisisZeroHedge
- European Politics Drag the Euro Lowermarctomarket.com
- Euro falls back below 1.1200 as US Dollar dominates despite weaker ISM Services PMIFXStreet
- The Euro breaks to a fresh low, then bounces, as Spain calls a snap voteFXStreet
- US Dollar Gains as Capital Flees Europe. Forecast as of 06.10.2026LiteFinance
- EUR/USD rebounds as French government takes steps to reduce deficit, narrowing OAT-Bund spreadInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 7 | ||
| FOMC Member Williams Speaks | USD | |
| German Industrial Production m/m | 0.5% | EUR |
| French Trade Balance | -6.5B | EUR |
| Crude Oil Inventories | 1.9M | USD |
| President Trump Speaks | USD | |
| 10-y Bond Auction | USD | |
| FOMC Meeting Minutes | USD | |
| Consumer Credit m/m | 14.5B | USD |