The main catalyst for the EURUSD pair this week will be the upcoming interest rate decision by the ECB. This will be a pivotal meeting because it will signal what the bank will do later this year.
Enter your emailThe EUR/USD pair found a strong resistance as investors refocus on the upcoming European Central Bank decision and US consumer inflation data.Timeline: 1-2 days.found a strong resistance as investors refocus on the upcoming European Central Bank decision and US consumer inflation data.GET STARTEDThe main catalyst for the EUR/USD pair this week will be the upcoming interest rate decision by the ECB.
Most analysts expect the data to show that the central bank will leave interest rates unchanged and provide signals that it will hike in July. It will be the first time that the bank has hiked interest rates in more than a decade. At the same time, the ECB will likely commit itself to create a new bond-buying program to cushion vulnerable economies like Italy. The bank already has about 200 billion euros to spend on purchasing stressed government bonds. On Monday, the gap between Italy’s and German’s 10-year yield fell from last week’s high of 2.14% to 2.07%. The spread has been in a strong bullish trend in the past few weeks.
The ECB decision comes at a time when the Eurozone economy is in a crisis as inflation surges. Data published last week showed that the bloc’s inflation has surged to a record high of 8.1%. Analysts expect that the bloc’s inflation will keep rising in the coming months as the bloc moves to buy oil and natural gas from other countries.
The EUR/USD pair will also react to the upcoming Euro area GDP numbers that are scheduled for Wednesday. Analysts expect the data to show that the bloc’s economy expanded by 5.1% on a year-on-year basis.It rose to a high of 1.0791, which was the highest level on April 22. Now, it has formed what looks like aThe pair has moved slightly below the 25-period and 50-period moving averages while the MACD has moved to the neutral point.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
BTC/USD Forex Signal: Bitcoin Recovery Hits Key ResistanceThe BTC/USD declined sharply in he overnight session as its recovery hit a strong resistance at 31,426.
続きを読む »
Signal fire set by hiker near border chars 2 acres of brushCal Fire San Diego firefighters stopped the spread of a 2-acre brush fire near Otay Mountain Truck Trail, a mile north of the border
続きを読む »
BTC/USD Forex Signal: Bitcoin Recovery Hits Key ResistanceThe BTC/USD declined sharply in he overnight session as its recovery hit a strong resistance at 31,426.
続きを読む »
EUR/USD Forecast: Optimism leads, but could it help the EUR?Global stocks are up as China continues to lift coronavirus-related restrictions. EURUSD holds range-bound above 1.0700 as investors await the next catalyst. FX Forex Trading
続きを読む »
EUR/USD pressured in key resistance, focus turns to ECBAt 1.0721, EUR/USD is flat at the start of the day ahead of what could be a busy week with the European Central Bank taking place and with plenty of g
続きを読む »