EUR/USD Mixed After the Central Bank Blitz
The pair treads water as markets digest this week’s rate hikes and hawkish commentary by the US Fed and the ECB
Senior Market Specialist
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.
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The pair treads water as markets digest this week’s rate hikes and hawkish commentary by the US Fed and the ECB
Both central banks slowed the pace of their tightening cycle this week, while delivering hawkish message and guidance, but the ECB appears to have been more aggressive
Watch today’s US Open for commentary on the latest policy decisions by the Fed, the BoE and the ECB
The Bank of England slowed the pace of hikes with an 0.5% adjustment, in a three-way split decision and hinted at more tightening, but guidance is vague
The US Federal Reserve downshifted to a smaller rate increase on Wednesday, but signaled more tightening ahead, projecting a higher terminal rate
The US Federal Reserve slowed its tightening pace on Wednesday, but expects a higher terminal rate and delivered a largely hawkish message
The US Federal Reserve moderated the pace of rate increases, with a 50 bps move on Wednesday, but now expects rates to peak higher and Chair Powell delivered a hawkish message
BTC/USD rose to the highest levels in a month and past key resistance, following the moderation is US inflation, as markets now brace for the Fed’s policy decision
The pair jumped yesterday due to the downside surprise in US CPI, but treads water ahead of the Fed’s policy decision today, with the one from the European Central Bank following on Thursday
Watch today’s US Open for commentary on the CPI inflation figures and the upcoming policy decision by the central banks of the US, the UK and Europe
The commodity recovers from Friday’s 2022 lows, helped by the fact that the Keystone pipeline remains closed, as markets brace for the US inflation update and the Fed’s policy decision
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