Share: US PCE inflation aligns with estimates but shows an uptick, while Initial Jobless Claims come in lower than expected, adding complexity to the Fed’s rate decision. ECB board member Isabel Schnabel reignites stagflation fears but doesn’t rule out more rate hikes; EU inflation data mixed, with core HICP falling to 5.3% YoY.
EURO AREA INFLATION KEY POINTS: Key News and Data Releases this Week, Download Your Free Guide for Tips on News Trading. Recommended by Zain Vawda Trading Forex News: The Strategy The core inflation rate in the Euro Area (filters out volatile food and energy prices) cooled coming in at 5.3% from a previous 5.5%. Core
EUR/USD daily chart The pair has put up quite a recovery this week, moving off the lows near 1.0800 after being pressured at the figure level and the 200-day moving average (blue line). Buyers are now trying to push the agenda, knocking on the door of the 100-day moving average (red line) at 1.0924 currently.
Number of traders net-short has increased by 31.22% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/USD BULLISH 49.67% 50.33% -15.18% Daily -20.11% Weekly 15.15% Daily 31.22% Weekly -2.22% Daily -0.52% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
German Inflation Proves Stubborn, Narrowly Beating Forecasts Inflation in Germany proved hotter than expected, coming in at 6.1% vs 6% but down from last month’s print of 6.2%. Higher inflation in Europe complicates the ECB’s task particularly after ‘sources’ indicated that the committee is leaning more to the dovish end of the policy spectrum ahead
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Heavyweight US and Euro Area data are on tap this week. The US dollar remains undecided after chair Powell’s Jackson Hole speech. The Federal Reserve and the European Central Bank both reiterated their stance of keeping rates higher for as long as it takes at the
It is widely believed, not without reason, that the task of Lagarde and the ECB is far more difficult than that of her counterpart across the ocean. The PMI data of a few days ago showed grim future prospects, not just for manufacturing which we are used to by now. The leading data on services
EUR/USD, EUR/GBP PRICE FORECAST: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter WEEKLY FORECAST: US Dollar Forecast: Powell Adopts Hawkish Tone but DXY Eyes Potential Retracement The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest EUR/USD could slip back to the 1.0730 region in the near term. Key Quotes 24-hour view: We highlighted last Friday that EUR “is likely to break the major support at 1.0790, but the next support at 1.0730 is likely
US Dollar Vs Euro, British Pound, Australian Dollar – Outlook: The DXY Index (USD index) is testing key resistance after Powell warned of more tightening. Broader picture of USD rally fatigue remains intact ahead of key US data this week. What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
