EUR/USD Downtrend Continues Amid First Bank Takeover, ECB and Fed Rate Hikes
EUR/USD remains under pressure as ECB hawks retreat amid downbeat EU data and First Republic roils the mood. Additionally, the market is waiting for the Fed and ECB announcements this week. Given the current trend, a sell signal is suggested with an entry price of 1.1000, a stop loss at 1.1080, and a take profit at 1.0850. A risk to reward ratio of 1:2 is recommended. Traders should closely monitor the market events and adjust their positions accordingly.
Traders focus on US inflation data (CPI) and European Central Bank (ECB) policy decision
Filipino Forex Traders around the world, focused on the upcoming U.S. inflation data and a European Central Bank (ECB) policy decision, both due later in the day. For the time being, global equities are hanging around an all-time high. The US dollar shrugs off weaker Treasury yields. The ECB eyed for economic outlook. To keep […]
Things to Watch Ahead in the Market this Week | Forex Traders Market Watch
Investors trying to gauge the inflation threat will keep a close eye on Thursday’s U.S. consumer price data, amid concerns that rising inflation could prompt the Federal Reserve to begin pulling back on stimulus. Markets will also be monitoring the progress of President Joe Biden’s proposed $1.7 trillion infrastructure plan, which has already boosted the […]
ECB said to study impact of ECB vs Fed policy on exchange rate
ECB to Study Impact over Fed Policy on Exchange Rate; Said To Query Dollar Weakness Despite Stronger U.S. Economy ECB balance sheet hit fresh ATH as Lagarde keeps printing press rumbling. Total assets rose by another €8.6bn to 7,024.2 past week on QE. ECB Balance sheet now equal to 69% of Eurozone GDP vs Fed’s […]
ECB Policy Unchanged but high degree of uncertainty ahead
The European Central Bank left its monetary policy unchanged on Thursday, as expected, and reiterated that it would continue to provide ample support to the economy as it gradually recovers from the shock of the coronavirus pandemic. The central bank said although the eurozone economy is rebounding there is still a high degree of uncertainty […]
Traders focus, European Central Bank’s interest rates decision
A huge demand for Euro in early European trade yesterday after Federal Reserve Governor Lael Brainard hinted at a need for an even easier monetary policy in the U.S. that resulted a 0.2% gain on EUR/USD at 1.1416 and is approaching a key daily structure resistance of 1.1500 as its year’s high. Investors will focus […]