US CPI provides the latest catalyst for FX markets, stymying the recent countertrend move. EUR/USD heads lower as does EUR/GBP
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.education library
ECB minutes revealed it was a close call to raise interest rates for the tenth and possibly last time, the last time the Governing Council met. The majority of officials anticipate that record high interest rates will play a huge role in forcing inflation back to the 2% target. Now the focus turns to the European economy which has had to endure the effects of elevated prices during a globalslowdown that has heavily impacted its major trading partner, China. The German manufacturing sector has been particularly hard hit, leading the rest of Europe lower. No doubt the ECB will be watching government bond yields after higher US borrowing costs led the way for other developed markets.
The higher inflation print sees EUR/USD resume the longer-term downtrend after turning around 1.0635 – the 31st of May swing low. 1.0520 is the next level of support which may coincide with trendline support.pair resumes the shorter-term move lower as the daily chart reflects higher upper wicks on the daily chart – a rejection of higher prices. Prices now approach the underside of the descending channel after crossing below 0.8635 – a prior key level of resistance.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EUR/USD finds respite as US yields dip as traders eye US and German inflation dataThe Euro (EUR) recovered ground against the US Dollar (USD) amidst dovish comments from Federal Reserve (Fed) officials, which spurred a drop In US Tr
Consulte Mais informação »
EUR/USD Forecast: Euro could target 1.0700 on a soft US inflation readingEUR/USD continued to stretch higher toward 1.0650 early Thursday after posting small daily gains on Wednesday. The near-term technical outlook suggest
Consulte Mais informação »
CPI report shows headline inflation for September was hotter than forecast on rising shelter costsGreg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter grobb2000.
Consulte Mais informação »
Producer price inflation comes in a little hotter in September, highest annual rate in five monthsGreg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter grobb2000.
Consulte Mais informação »
EUR/GBP Price Analysis: Descent stalls at crucial support at around 0.8620sEUR/GBP prolongs its agony to seven straight days of losses, though it is capped on the downside by the latest cycle low reached on September 28 at 0.
Consulte Mais informação »