EUR/USD Steady after Wednesday’s Powell-Inspired Advance
The pair rose on Wednesday helped by Mr Powell’s Congress testimony, which cemented the policy divergence between the Fed and the ECB, but trades with caution today
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The pair rose on Wednesday helped by Mr Powell’s Congress testimony, which cemented the policy divergence between the Fed and the ECB, but trades with caution today
USOil rose on Tuesday after the central bank of China cut key short-term policy rate and inflation in the US decelerated, cementing market expectation for a hold by the Fed today
Watch today’s US Open for insights on the status quo US inflation report ahead of the Fed’s pivotal policy decision, the strong jobs report from the UK that keeps pressure on the Bank of England for further monetary tightening and more
Today’s employment report showed an increase in wages in the UK, which keeps pressure on the bank of England for further monetary tightening , sending the pair higher, but US inflation and Fed decision loom
The PBoC lowered a key short term policy rate in order the help the country’s economic recovery, following a series of disappointing economic data, while the CHN50 finds some support
The pair is constrained at a critical technical region as markets brace for pivotal policy meetings by the US Fed and its European counterpart later this week
Amidst an uncertain monetary outlook, the US Fed announces a pivotal policy decision. Recent commentary point to a possible hold, while keeping further tightening in play as inflation is far from target and the labor market remains strong
The commodity trades with caution, as today’s data from the world’s largest oil importer, showed only a slight uptick in consumer inflation and a steep drop in factory prices in May
Watch today’s US Open for insights on the Bank of Canada decision to restart rate hikes, Eurozone’s unexpected first quarter contraction and more
There is high uncertainty around the monetary policy outlook, with this week’s surprise decisions by the RBA and the BoC being a testament to that
The pair remains suppressed, following yesterday’s drop to new month lows, as the BoC restarted its hiking cycle with a 0.25% rate increase that surprised markets
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