Euro Slips In Holiday Thinned Market, Looks Nervously to German PMI

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

With the US out for the Presidents’ Day holiday, the Euro failed to make back early lost ground.

The first big one will be on the Dollar side, with the release of minutes from the Federal Reserve’s lastmeeting due on Wednesday. These might now look even more historic than usual given that robust economic numbers out of the US since the meeting have seen rate-cut expectations pushed out to June, but the nuances of Fed discussion usually manage to move markets, if not always durably.

As-expected figures will hardly suggest that the German economy needs the current, record-high interest rates it’s stuck with, but the European Central Bank will want to be sure thathas been stopped before it offers any relief there and rate cuts aren’t expected to come anytime soon. Indeed, some economists think we could be well into next year before inflation returns to its 2% target.

The slide since late January has also seen the back in a broad trading range last seen in early December, between 1.08495 and 1.07247. The single currency did nudge below the range base last week, but it wasn’t there for long and it traded back into the band very quickly, suggesting that Euro bulls are prepared to show some resolve at those levels.

IG’s sentiment data finds traders balanced finely between bullishness and bearishness over EUR/USD, perhaps suggesting that this is a market in need of a new catalyst.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 305. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian stocks move little in holiday-thinned trade; CSL drags on AustraliaAsian stocks move little in holiday-thinned trade; CSL drags on Australia
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

UK Slips into Technical Recession as Pound and Stocks RiseNews that the United Kingdom slipped into technical recession in the final three months of 2023 saw both the Pound and London blue-chip stocks tick counterintuitively higher. Investors wondered how long interest rates could stay at sixteen-year highs against such a backdrop. Meanwhile, a strong January bounce back for domestic retail sales had barely any effect on Sterling at all.
مصدر: DailyFX - 🏆 305. / 63 اقرأ أكثر »