EUR/USD Steadies after its Post-ECB Drop, Awaits US CPI Inflation
The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
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The common currency slumped on Thursday, despite the path to higher interest rates laid-out by the ECB, but finds support today, ahead of US CPI Inflation
The European central bank signaled interest rates lift-off in July and more hikes ahead, sending the index lower on Thursday, which tries to react today
The European Central Bank (ECB) kept key interest rates unchanged as expected today, but pointed to rate lift-off in July and more hikes ahead, while raising its forecast for this year’s inflation
The Index has been consolidating since late-May, as renewed Fed hawkishness and stagflation fears halt its recovery, while investor prepare for new inflation update from the US
ETH/USD is range-bound, unaffected by the news of the proof-of-stake model testing and ApeCoin token holders vote in favor of staying in the Ethereum Network
USOil consolidates today, as markets digest higher US inventories, elevated Chinese exports and lower global GDP forecasts, ahead of Friday’s US Inflation update
The tech giant hosts its 2022 Worldwide Developers Conference (WWDC) this week, having announced new products and features, including a Buy Now, Pay Later service for its Wallet
The World Bank slashed its Euro area and global GDP projections yesterday, while today we see cautious market sentiment after mixed economic releases and ahead of ECB’s policy decision on Thursday
The pair has started the week on the back foot, having rejected critical technical levels, while markets are edgy ahead of key events later in the week
The UK Prime Minister won the no-confidence vote on Monday, with 59% of the Tory MPs voting that they have confidence in their party leader
The Australian central bank (RBA) raised interest rates by 50 basis points today, which is more than baseline expectations and the largest upward adjustment since February 2000
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