EUR/USD rebound fades below 1.1100 as bloc’s economic woes jostle with US Dollar retreat – by anilpanchal7 EURUSD ECB Fed Recession Macroeconomics
ro pair benefits from the US Dollar’s retreat but hesitates in welcoming the pair buyers amid fears of a recession in the bloc.Index retreats from a two-week high after cheering the comparatively better PMIs the previous day, down 0.08% intraday near 101.25 at the latest. With this, the greenback’s gauge versus the six major currencies bears the burden of China-inspired optimism, as well as doubt on the Federal Reserve’s moves past July.
That said, headlines fueling hopes of China stimulus and bank intervention from Beijing seem to underpin the latest optimism. On the other hand, the US PMIs were better than their Western counterparts but weren’t impressive enough to keep the Fed on a rate hike trajectory after July’s widely anticipated 0.25% increase in the interest rates.
Against this backdrop, the S&P500 Futures remain sidelined near 4,580, struggling to extend the previous day’s recovery, whereas the US 10-year and two-year Treasury bond yields retreat from the highest levels in two weeks to 3.86% and 4.84% in that order. Moving on, the ECB Bank Lending Survey and Germany’s IFO poll details will precede the US CB Consumer Confidence for July, expected 112.1 versus 109.70 prior, to direct intraday moves. However, major attention will be given to the monetary policy meeting of the Fed and theProviding a sustained break of an ascending resistance line stretched from February, around 1.
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: Weekly Forecast 23rd July - 29th JulyThe ability of the EUR/USD to reach a high of nearly 1.12760 last Tuesday touched a value not seen since late February of 2022.
Les mer »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, Silver, USD/CADGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 23rd, 2022 here.
Les mer »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, EUR/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Les mer »
Trading Support and Resistance \u2013 EUR/USD, USD/CADThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Les mer »
EUR/USD holds steady above 1.1100 mark, eyes flash Euro Zone/US PMIs for some impetusThe EUR/USD pair kicks off the new week on subdued note and oscillates in a narrow trading band around the 1.1125-1.1130 area through the Asian sessio
Les mer »
EUR/USD Price Analysis: Edges higher past 1.1100-1090 support zone ahead of Eurozone, US PMIEUR/USD Price Analysis: Edges higher past 1.1100-1090 support zone ahead of Eurozone, US PMI – by anilpanchal7 EURUSD Technical Analysis ChartPatterns SwingTrading PMI
Les mer »