Forex

The pair lost ground last week, as expectations around the Fed’s next move cooled down, but today it consolidates and tries to hold above key technical levels

ECB President Lagarde asserted the bank’s commitment to bringing down inflation over the weekend, in the aftermath of the hefty 0.5% rate lift-off, but the pair is cautious as markets brace for the Fed’s policy meeting

The European Central Bank raised rates for the first time since 2011 on Thursday, by more that it had previously pointed to, with the pair dropping today as EZ factory activity contracts

Despite the surprise 50bps hike, market interpretation of relative central bank aggressiveness will be critical in the EURUSD direction

The USDOLLAR has pulled back, but this may be a dip in the uptrend.

CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback

A Reuters report suggests that officials of the European Central Bank will discuss about raising rates by 25 or 50 bps, which sends the pair higher, whereas bets for an outsized move by the Fed cool down

The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down

Two prominent hawks poured cold water on market bets for 1% rate increase and the pair backs-off today, from Thursday’s twenty-four year highs

Wednesday’s new inflation surge in the US has led to a hawkish repricing by markets for the Fed’s next rate move, but the pair shows resiliency and tries to defend parity

The BoC surprised with a 100bps hike. The market was expecting 75bps, which was already a pivot from an earlier expectation of 50bps.