Share: EUR/GBP struggles to capitalize on its modest intraday bounce from the 0.8600 mark. The BoE’s less hawkish signals undermine the GBP and act as a tailwind for the cross. Speculations that the ECB will soon pause its rate-hiking cycle caps gains for the Euro. The EUR/GBP cross attracts fresh buying near the
Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the EUR outlook. EUR/USD needs help from the data calendar or else… The Euro comes into August with short-term rate differentials drifting against it and long EUR futures positions looking vulnerable. Something needs to happen to boost confidence in another 25 bps
Share: EUR/USD remains sidelined after reversing Friday’s corrective bounce off three-week low the previous day. Upbeat Eurozone data jostles with fresh challenges to risk to test Euro bears. Final readings of Germany’s HCOB Manufacturing PMI, US S&P Global PMIs and ISM Manufacturing PMI for July will be in focus. Retreat in hawkish Fed
Share: The ECB delivered a 25 bps rate hike as expected. Economists at Société Générale expect one more 25 bps hike from the ECB in September. ECB moves to full data dependency The ECB hiked rates by another 25 bps, as signalled in June, taking the deposit rate to 3.75%. Instead of signalling
Former ECB VP Vitor Constâncio today highlighted the latest survey for processional forecasters and highlighted that it showed Q4 inflation around 3% and 2% in 2024. “No need for more hikes,” he wrote. Lately he has been noting signs of an economic slowdown, including falling lending and declining economic sentiment. لینک منبع : هوشمند نیوز
© Reuters. FILE PHOTO: Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises.
US Dollar, USD/JPY, Japanese Yen, BoJ, Fed ECB, AUD/USD, RBA – Talking Points The US Dollar resumed strengthening today with volatility ticking higher The Bank of Japan let the word out early of an adjustment, then delivered Markets are now reassessing the path of global central bank tightening Recommended by Daniel McCarthy Get Your Free
US Dollar (DXY) Analysis USD barely budges after the FOMC announcement as traders require more convincing around another rate hike. Dollar weakness seen this morning ahead of ECB Large speculators, hedge funds positioning suggests greater USD pessimism Major risk events: US Q2 GDP and PCE inflation data The analysis in this article makes use of
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ECB RATE DECISION: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 25bps in line with expectations while stressing that inflation is still expected to remain elevated for a longer period despite the recent declines. The Central Bank also decided to set remuneration of minimum reserves
