The EUR/USD pair rose to an important resistance level after a hawkish statement by Christine Lagarde.
Enter your emailThere is a possibility that the pair will drop to the key support at 1.0540 as the triangle pattern nears its confluence.Timeline: 1-2 days.rose to an important resistance level after a hawkish statement by Christine Lagarde.
In it, she reiterated that the bank was focused on fighting inflation. It has already reduced its bond market activity and is now set to deliver its first interest rate hike in years in July. She signaled that the rate hike will be 0.25%. Most importantly, she will pull the ECB out of negative interest rates in September. Lagarde will deliver more remarks on Tuesday.
Meanwhile, after two weeks of weak housing data, the US published surprising pending home sales data. According to the National Association of Realtors, pending home sales rose by 0.7% in May compared with April. This was a surprise since pending home sales dropped in the previous six straight months.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD Forex Signal: Outlining the Path of Least ResistanceThe EUR/USD pair held steady on Monday morning as investors focused on the upcoming US housing and consumer confidence data.
Les mer »
EUR/USD Forex Signal: Outlining the Path of Least ResistanceThe EUR/USD pair held steady on Monday morning as investors focused on the upcoming US housing and consumer confidence data.
Les mer »
EUR/USD to preserve its bullish momentum towards 1.06EUR/USD has started the new week on a firm footing. The pair could push higher as long as 1.0560 support holds, FXStreet’s Eren Sengezer reports. Tec
Les mer »
EUR/USD Forecast: Euro could push higher as long as 1.0560 support holdsEUR/USD has regathered bullish momentum early Monday and climbed higher toward 1.0600. Improving market mood seems to be helping the shared currency f
Les mer »
EUR/USD retreats from fortnight high near 1.0600 on recession/inflation fears, ECBSpeak eyedEUR/USD retreats from fortnight high near 1.0600 on recession/inflation fears, ECBSpeak eyed By anilpanchal7 EURUSD RiskAppetite Fed ECB Recession
Les mer »
Gold Price Forecast: XAU/USD bulls aim for $1,850 on Russia news, softer USDGold Price Analysis: XAU/USD bulls aim for $1,850 on Russia news, softer USD By anilpanchal7 Gold RiskAppetite RussianFederation Commodities Fed
Les mer »