EUR/USD Steadies after its Post-ECB Drop, Awaits US CPI Inflation
The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
Page 23 of 61
The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
Rates have increased recently, and FXCM's dollar basket is on the move.
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The pair comes from its best week since late-2016 and hawkish Fed comments, but the new one starts with caution, despite the fact that the BoJ remains committed to its ultra-easy policies
The pair comes from a volatile month during which it had its best performance since April 2021, as the European Central Bank has been turning hawkish, with the upcoming policy decisions looming
After a three-week losing streak and a shallow correction, the pair returns emphatically to profits this week, as the Fed remains committed to its tightening path and the BoJ to its ultra-loose policies
Economic activity grew at a slower - albeit still solid - pace in the first quarter and in line with RBA’s projections and the pair is on the back foot as the US Dollar rebounds
After two weeks of weakness, the dollar finds support.
The pair has posted a significant recovery over the past couple of weeks, but faces difficulties today and may struggle to register its first profitable month of the year
The pair has been having very bad year, but after two straight profitable weeks, it moves towards the first positive month of the year
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.