Article By RoboForex.com
The market major is stuck to parity, unwilling to give it up. The current quote is 1.0000.
Yesterday, a monetary politician from the European Central Bank has mentioned that sooner or later the regulator will have to start Quantitative Tightening. Also, the ECB will have to increase interest rates to the level that would bring inflation to target levels as fast as possible.
These levels will be directly bound to the CPI dynamics, economic conditions, energy carriers prices and the demand for them.
Certain ECB members are sure that inflation in the Euro zone will remain at 10.7% in the nearest future. It will start declining in the first half of 2023 but on the whole, both average and base inflation will remain high.
Today, the macroeconomic calendar is empty both for the Euro zone and the US. The market will be looking at near-economic events and, most importantly, the US Congress elections.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us May 17, 2024
- Natural gas prices rose to a 4-month high. China released mixed data May 17, 2024
- S&P 500 index hits record high amidst lower inflation May 17, 2024
- Stock indices have hit all-time highs. The Australian labor market is starting to cool down May 16, 2024
- Target Thursdays: USDInd, Soybean & EU50 hit targets! May 16, 2024
- JPY has sharply strengthened May 16, 2024
- PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation May 15, 2024
- Meme-stock mania: Will GameStop, AMC stocks surge even higher? May 15, 2024
- Euro climbs to five-week high ahead of US CPI data May 15, 2024
- Australia will release its annual budget today. Rising inflation expectations hurt US stock indices May 14, 2024