News Formal

EURUSD Steadies As Market Looks Ahead To Key US Inflation Numbers

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Euro’s sharp slide has relaxed a little but there are still few if any reasons to back the single currency over the greenback

More broadly, the Euro continues to suffer from the clear chance that the European Central Bank will be cutting interest rates in June, on present showing long before the Federal Reserve follows it down that path. USdata from the Personal Consumption and Expenditure series are due on Friday. This is known to be the Fed’s preferred pricing gauge, so it has naturally become the markets’ too.

There are some important European data releases before this one, notably Germany’s Purchasing Managers Index and the Ifo business climate snapshot. However, moves on these are likely to be limited by the wait for PCE.The Euro has plummeted far below its medium-term downtrend line, 200-day moving average and its previous trading band and now languishes close to five-month lows.

To the upside lies the fourth retracement at 1,07101. This gave way during April 12’s sharp falls and has not come close to being reclaimed since. Just ahead of that, bulls would need to retake February 14’s intraday low of 1.06962 if they are going to power back above that level.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 305. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cutsNissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Assembly bill takes aim at Ticketmaster, looks to instill competition in ticket marketThe Assembly bill by Assemblymember Buffy Wicks looks to ensure tickets are sold to events on a competitive basis.
Källa: ABC7 - 🏆 67. / 68 Läs mer »

Cramer looks to the pandemic era to understand today's marketCNBC's Jim Cramer told investors on Thursday they should consider stocks' performances during the pandemic to better understand today's economy.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Crypto Market Setup Looks Positive for Second Quarter: CoinbaseWill Canny is CoinDesk's finance reporter.
Källa: CoinDesk - 🏆 291. / 63 Läs mer »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Källa: ksatnews - 🏆 442. / 53 Läs mer »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »