EUR/USD bias held neutral on October 11, 2026
Federal Reserve signals are mixed, with one report suggesting the 2% inflation target may not prevent a pause in rate changes while Fed official Musalem says further rate increases may be needed to reach that target. In Europe, France is caught between protester demands for spending and market pressure for fiscal restraint, and CFTC data shows expanded speculative positioning in the euro amid diverging signals. These developments matter for EURUSD because U.S. rate expectations and euro-area fiscal uncertainty both affect the currency pair.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all 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
Headlines (13)
First seen on October 11
- Fed’s Musalem says more rate hikes needed to reach 2% targetHellenic Shipping News
Carried over from earlier days
- FX Daily: High bar for a dollar correctionING Think
- Euro extends recovery due to relief from drop in French bond yieldsFXStreet
- EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woesFXStreet
- Weekly Focus – French Public Finances Continue to Steal the SpotlightActionForex
- Week Ahead – US CPI, France’s Budget Crisis and Q3 Earnings to Set the Market ToneActionForex
- The Euro is not the sick man of Europe. France's bond market isFXStreet
- Euro struggles as French fiscal concerns and firm US Dollar dominateFXStreet
- US Dollar strengthens as Fed rate hike fears growmarketpulse.com
- US Dollar Weekly Forecast: December is calling, but CPI gets the final wordFXStreet
- Inflation target of 2% may not stop the next Fed rate freezeCryptoSlate
- France’s dilemma: protesters demand spending as markets require fiscal restraintThe Guardian
- CFTC Report: Euro and Aussie shorts expand amid diverging signalsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 11 | ||
| Fed Monetary Policy Report | USD | |
| Monday, October 12 | ||
| Italian Trade Balance | EUR | |
| FOMC Member Hammack Speaks | USD | |
| Bank Holiday | USD | |
| German 30-y Bond Auction | EUR | |
| German WPI m/m | EUR | |
| German Buba Monthly Report | EUR | |
| Tuesday, October 13 | ||
| German Final CPI m/m | 0.6% | EUR |