Extends recovery firmly to near 141.50
The Euro bulls are showing strength ahead of the German GDP data release. A recovery move above the 20-EMA indicates the short-term trend is bullish. The RSI (14) is still in the 40.00-60.00 range, showing the absence of a potential trigger. The EUR/JPY pair sensed a significant buying interest after dropping to near the four-day […]
US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment continued improving this past week. On Wall Street, the Nasdaq 100, S&P 500 and Dow Jones gained 4.32%, 2.47%, and 1.81%, respectively. Across the Atlantic Ocean, the German DAX 40 gained 0.77%. Meanwhile, in the Asia-Pacific region, the Nikkei 225 and Hang […]
Newsquawk Week Ahead: Highlights include FOMC, ECB, BoE, PMI data, US Jobs, EZ CPI
Australian Retail Sales (Tue): The December Retail Sales data is seen printing at -1.0% vs the prior of +1.4%. Desks highlight that November’s Black Friday and Cyber Monday events were successful, as indicated in the November data, although analysts will now assess the impact of higher rates over the Christmas period. Westpac, citing the Westpac […]
50bp hike next week has been well-communicated, focus will be on the path thereafter – Rabobank
The Federal Reserve, the Bank of England and the European Central Bank (ECB) will have their policy meetings next week. Market participants expect a 50 basis points rate hikes and to signal it will continue raising rates. Analysts at Rabobank, point out that a 50bp rate hike is all but a given for next week. […]
MUFG – bullish EUR, expecting +50bp ECB February rate hike, and most likely in March too
I posted earlier from MUFG: More from analysts at the bank, European Central Bank preview: We expect the ECB to deliver another 50bps hike at next week’s policy meeting and continue to signal that at least one more larger 50bps hike is likely at the March policy meeting. We only expect a slowdown in the […]
XAU/USD bulls approach $1,967 ahead of United States Gross Domestic Product
Gold price takes the bids to renew nine-month high, up for the fourth consecutive day. US Dollar weakness underpins XAU/USD upside amid cautious mood ahead of the key United States Gross Domestic Product. Dovish bias surrounding the Fed contrasts with the hawkish outlook over ECB to weigh on USD and favor Gold buyers. Convergence of […]
EUR/USD sees recovery to near 1.0900 as ECB to continue rate hikes beyond summer
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of […]
ECB policymakers spar on rate outlook beyond Feb hike
Knot, Kazimir explicitly back 50 bps hike in MarchLagarde sees significant, steady pace rate riseStournaras, Visco call for cautionInflation high but fallingFRANKFURT/PRAGUE, Jan 23 (Reuters) – European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious.The ECB […]
Market Spotlight: EUR Rallies on Hawkish ECB Comments
Knot Reaffirms Hawkish ECB OutlookEUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned that […]
ECB set to raise rates by 50 basis points in February and March, Knot says
AMSTERDAM, Jan 22 (Reuters) – The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.”Expect us to raise rates […]