ECB Hike Rates by 50bps, EURUSD Looks Vulnerable
ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 50bps in line with expectations. The central bankexpects to raise rates further keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. […]
EUR/USD Consolidates Around the 1.09 Handle as the Dollar Index Remains Vulnerable
EUR/USD Price, Charts and Analysis: Recommended by Zain Vawda Download Our Updated Euro Forecast for Q1 2023 READ MORE: CAD Breaking News: BoC’s 25bps Rate Hike Receives Dovish Reaction, Loonie on Offer EUR/USD OUTLOOK EUR/USD continued its advance from yesterday holding above the 1.09 handle following the European open. The Euro gained steam against the […]
“Soft landing” is the new “transitory inflation” – “markets look vulnerable”
BNP Paribas saying its way too early to dismiss recession fears (Deutsche Bank says the same, more to come from them below). BNP: “Soft landing” has been the catchphrase of a still-young 2023. But we think it will go out the window in the same fashion as “transitory inflation” did in 2022. As growth slows […]