Important Events Today:
1. At 16:30 Moscow time - U.S. Producer Price Index.
2. At 18:00 Moscow time - FOMC Member Neel Kashkari's speech.
The EURUSD pair maintains a positive trend despite a renewed demand for the U.S. Dollar in the early Asian session on Friday. The pair's growth is supported by a risky environment ahead of key U.S. data releases. At the time of publication, the EUR/USD pair is trading at the level of 1.0977.
On January 11, the U.S. Department of Labor reported that initial claims for unemployment benefits for the week ending January 6 reached the lowest level since mid-October, decreasing by 1,000 to 202,000 from the revised previous week's figure of 203,000. The Consumer Price Index (CPI) in the U.S. for December increased by 3.4% compared to the previous value of 3.1%, surpassing the market consensus forecast of 3.2%. The core CPI, excluding volatile food and energy prices, rose by 3.9% YoY in December, exceeding expectations of 3.8%.
Christine Lagarde, President of the European Central Bank (ECB), stated on Thursday that interest rates would be lowered if the ECB is confident that inflation will decrease to the 2% level. Lagarde added that interest rates in the eurozone have peaked after a rapid rise in response to high inflation last year. Traders anticipate at least five rate cuts in 2024, with the first move expected in March or April.
Today, the U.S. Producer Price Index (PPI) is set to be published, with forecasts indicating a 1.3% growth compared to the same period last year in December. Trading recommendation: Buy from the current price level. For more in-depth analytical reviews, you can visit the FreshForex website.
#FinancialEvents #EURUSD #Indices #Dollar #Inflation #Rates #ECB #TradingRecommendation #ProducerPriceIndex #FreshForex #Analytics
1. At 16:30 Moscow time - U.S. Producer Price Index.
2. At 18:00 Moscow time - FOMC Member Neel Kashkari's speech.
The EURUSD pair maintains a positive trend despite a renewed demand for the U.S. Dollar in the early Asian session on Friday. The pair's growth is supported by a risky environment ahead of key U.S. data releases. At the time of publication, the EUR/USD pair is trading at the level of 1.0977.
On January 11, the U.S. Department of Labor reported that initial claims for unemployment benefits for the week ending January 6 reached the lowest level since mid-October, decreasing by 1,000 to 202,000 from the revised previous week's figure of 203,000. The Consumer Price Index (CPI) in the U.S. for December increased by 3.4% compared to the previous value of 3.1%, surpassing the market consensus forecast of 3.2%. The core CPI, excluding volatile food and energy prices, rose by 3.9% YoY in December, exceeding expectations of 3.8%.
Christine Lagarde, President of the European Central Bank (ECB), stated on Thursday that interest rates would be lowered if the ECB is confident that inflation will decrease to the 2% level. Lagarde added that interest rates in the eurozone have peaked after a rapid rise in response to high inflation last year. Traders anticipate at least five rate cuts in 2024, with the first move expected in March or April.
Today, the U.S. Producer Price Index (PPI) is set to be published, with forecasts indicating a 1.3% growth compared to the same period last year in December. Trading recommendation: Buy from the current price level. For more in-depth analytical reviews, you can visit the FreshForex website.
#FinancialEvents #EURUSD #Indices #Dollar #Inflation #Rates #ECB #TradingRecommendation #ProducerPriceIndex #FreshForex #Analytics
"Euro Awaits ECB Decisions: EUR/USD Analysis"
Today brings decisions from the European Central Bank (ECB) on inflation and interest rates, creating uncertainty around the euro. The EUR/USD pair continues to rise, but the fundamental background favors bearish traders. Contradictory statements from ECB officials add to the uncertainty. The Bundesbank president emphasizes early discussions on rate cuts, while an ECB Governing Council member is ready to consider the issue sooner than most colleagues. This supports a negative outlook for the EUR/USD pair in the near term. Trading recommendation: Predominantly sell from current levels. #EURUSD #ECB #Forex
Today brings decisions from the European Central Bank (ECB) on inflation and interest rates, creating uncertainty around the euro. The EUR/USD pair continues to rise, but the fundamental background favors bearish traders. Contradictory statements from ECB officials add to the uncertainty. The Bundesbank president emphasizes early discussions on rate cuts, while an ECB Governing Council member is ready to consider the issue sooner than most colleagues. This supports a negative outlook for the EUR/USD pair in the near term. Trading recommendation: Predominantly sell from current levels. #EURUSD #ECB #Forex
"EUR/USD: Euro Supported by ECB Rate Expectations and Fed Comments"
In the early hours of Thursday's Asian trading, the EUR/USD pair remains stable despite the strengthening of the US dollar. The refusal of several European Central Bank (ECB) members to anticipate rate cuts provides some support for the euro. Specifically, ECB Governing Council member Bostjan Vasle stated that it is premature to expect rate cuts in early Q2. Vasle added that inflation needs to return to the 2% target before considering a change in monetary policy. Federal Reserve System (Fed) Chair Christopher Waller stated that a rate cut this year is likely but cautioned against rushing to lower the base rate until sustained inflation reduction is clear.
Trading recommendation: Monitor the level of 1.0900, trade from it on the rebound. Today's macroeconomic news can influence the EUR/USD pair.
#Forex #EURUSD #ECB #Fed #TradingAnalysis
In the early hours of Thursday's Asian trading, the EUR/USD pair remains stable despite the strengthening of the US dollar. The refusal of several European Central Bank (ECB) members to anticipate rate cuts provides some support for the euro. Specifically, ECB Governing Council member Bostjan Vasle stated that it is premature to expect rate cuts in early Q2. Vasle added that inflation needs to return to the 2% target before considering a change in monetary policy. Federal Reserve System (Fed) Chair Christopher Waller stated that a rate cut this year is likely but cautioned against rushing to lower the base rate until sustained inflation reduction is clear.
Trading recommendation: Monitor the level of 1.0900, trade from it on the rebound. Today's macroeconomic news can influence the EUR/USD pair.
#Forex #EURUSD #ECB #Fed #TradingAnalysis
Analytical Overview: Financial Market Events Today (January 25)
Key Events Today:
1. 16:15 MSK. ECB Decision on Interest Rates in the Eurozone.
- Impact on EUR: Anticipated changes in the main interest rate could influence the euro's exchange rate. Investors are closely monitoring the ECB's comments and decisions regarding monetary policy.
2. 16:30 MSK. GDP Price Index in the United States.
- Impact on USD: The release of GDP data can affect the U.S. dollar. Economic activity growth usually supports the national currency.
3. 16:45 MSK. ECB Press Conference.
- Impact on EUR: Statements from ECB representatives may influence the current situation and future prospects in the eurozone.
Market Events for EURUSD:
- EURUSD rose above 1.0930 after an unexpected increase in the manufacturing component of the PMI in Europe.
- However, strong PMI data in the U.S. dampened investor sentiment, leading to a decline in the currency pair.
- Investors are assessing economic dynamics, and the strengthening U.S. economy reduces expectations of rate cuts by the Federal Reserve.
- The Relative Strength Index (RSI) for EURUSD indicates a bearish momentum.
Trading Recommendation:
- A sell order is recommended from the current price level, considering the bearish momentum and the weakening euro.
FreshForex Partner Program:
- Earn income not only from your own trades but also by attracting clients through the FreshForex partner program.
- Opportunity to earn up to $30 per lot.
#FreshForex #Analytics #Finance #EURUSD #FOMC #ECB #Currencies
Key Events Today:
1. 16:15 MSK. ECB Decision on Interest Rates in the Eurozone.
- Impact on EUR: Anticipated changes in the main interest rate could influence the euro's exchange rate. Investors are closely monitoring the ECB's comments and decisions regarding monetary policy.
2. 16:30 MSK. GDP Price Index in the United States.
- Impact on USD: The release of GDP data can affect the U.S. dollar. Economic activity growth usually supports the national currency.
3. 16:45 MSK. ECB Press Conference.
- Impact on EUR: Statements from ECB representatives may influence the current situation and future prospects in the eurozone.
Market Events for EURUSD:
- EURUSD rose above 1.0930 after an unexpected increase in the manufacturing component of the PMI in Europe.
- However, strong PMI data in the U.S. dampened investor sentiment, leading to a decline in the currency pair.
- Investors are assessing economic dynamics, and the strengthening U.S. economy reduces expectations of rate cuts by the Federal Reserve.
- The Relative Strength Index (RSI) for EURUSD indicates a bearish momentum.
Trading Recommendation:
- A sell order is recommended from the current price level, considering the bearish momentum and the weakening euro.
FreshForex Partner Program:
- Earn income not only from your own trades but also by attracting clients through the FreshForex partner program.
- Opportunity to earn up to $30 per lot.
#FreshForex #Analytics #Finance #EURUSD #FOMC #ECB #Currencies
EUR/USD: Focus on Consumer Price Index.
Traders' attention is on the Consumer Price Index (CPI) in the Eurozone, expected at 10:00 AM MSK. EUR/USD is currently trading within a narrow range, holding the weekly level of 1.0770/80. In light of comments from representatives of the Fed and the ECB regarding inflation and interest rates direction, traders are closely monitoring future central bank decisions. The next ECB meeting is scheduled for March 7, where the market expects signals of rate cuts. In case of negative remarks, the euro's value may decline, providing opportunities to sell EUR/USD. #EUR #USD #Fed #ECB #inflation
Traders' attention is on the Consumer Price Index (CPI) in the Eurozone, expected at 10:00 AM MSK. EUR/USD is currently trading within a narrow range, holding the weekly level of 1.0770/80. In light of comments from representatives of the Fed and the ECB regarding inflation and interest rates direction, traders are closely monitoring future central bank decisions. The next ECB meeting is scheduled for March 7, where the market expects signals of rate cuts. In case of negative remarks, the euro's value may decline, providing opportunities to sell EUR/USD. #EUR #USD #Fed #ECB #inflation
EURUSD: Eyes on Lagarde Speech
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis
EURUSD hovers around 1.0730, attempting a second day of gains. Pressure eases on USD, with US 2-year and 10-year Treasury yields down.
Euro (EUR) unfazed by Q4 Eurozone GDP meeting expectations.
Market awaits speech by Christine Lagarde, ECB President today.
Trade recommendation:
Rangebound trading within 1.0700 - 1.0760.
#EURUSD #Euro #Dollar #ECB #Lagarde #Forex #Analysis