"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