EUR/USD stays defensive above 1.1000 as Eurozone GDP, Fed’s favorite inflation loom – by anilpanchal7 EURUSD GDP Inflation Fed RiskAversion
e US data could be held responsible for Thursday’s volatility, the Euro pair’s latest inaction is logical ahead of the Eurozone Gross Domestic Product for the first quarter , as well as the US Core Personal Consumption Expenditure Price Index details for March. for the first quarter of 2023, also known as Advance readings, marked mixed outcomes. That said, the headline US GDP Annualized eased to 1.1% from 2.0% expected and 2.6% prior but the GDP Price Index inched higher to 4.
With this, a stronger-than-expected increase in the inflation component of the GDP renewed hawkish concerns about the Federal Reserve and helped the US Dollar to pick up bids after the release. However, the downbeat prints of headline GDP allowed markets to turn optimistic and favoredIt’s worth noting that the banking fallout risks also prod the Euro bulls previously while the mixed EU data defended the buyers.
Looking forward, the first readings of the Q1 GDP growth figures from the old continent will be crucial to watch ahead of the US Core PCE Price Index for March, the Fed’s preferred inflation gauge.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EUR/USD faces resistance around 1.0980 after a less-confident recovery, US GDP eyedThe EUR/USD pair is facing barricades around 1.0980 after a short-lived pullback move from 1.0965 in the Asian session. The major currency pair was he
Consulte Mais informação »
EUR/USD finds a cushion around 1.1040, market mood turns cautious ahead of US GDPThe EUR/USD pair is consolidating in a narrow area around 1.1040 in the early Asian session. The major currency pair witnessed some profit booking aft
Consulte Mais informação »
EUR/USD Price Analysis: Bearish RSI divergence prods Euro bulls, US GDP, 1.1090 eyedEUR/USD Price Analysis: Bearish RSI divergence prods Euro bulls, US GDP, 1.1090 eyed EURUSD Technical Analysis ChartPatterns SwingTrading RelativeStrength
Consulte Mais informação »
EUR/USD challenges 1.1000 post-US GDP figuresEUR/USD fades the initial upbeat mood and retreats to the boundaries of 1.1000 the figure on the back of the marked bounce in the Greenback on Thursda
Consulte Mais informação »
EUR/USD: Dwindling bets for a sustained move above 1.1120 – UOBA move beyond 1.1120 in EUR/USD appears not favoured for the time being according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser
Consulte Mais informação »
EUR/USD Forex Signal: Bullish Above Shooting Star PeakThe EUR/USD pair jumped to the highest point since March 2022 as concerns about the banking sector continued.
Consulte Mais informação »