$EURUSD Forex Signal: Cautiously Optimistic Ahead of ECB Decision
Enter your emailThere is a likelihood that the pair will likely hold steady ahead of the ECB and then have a pullback on profit-taking.Timeline: 1-2 days.pair continued its bullish trend as investors waited for the upcoming interest rate decision by the European Central Bank .AdvertisementThe EUR/USD price has been in a bullish trend in the past few days as investors reflect on strong economic data from the European Union and the upcoming interest rate decision by the ECB.
Further data from the EU showed that the labor market has made recovery even as the Omicron variant continues to pose substantial challenges. The unemployment rate from the region declined to an all-time low of 7% even as travel remains constrained. Finally, and most importantly, on Wednesday, data by Eurostat revealed that the bloc’s inflation jumped to 5.1% in January.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD hovers above 1.1300 as focus shifts to Thursday’s ECB meetingEUR/USD continues to trade well supported to the north of the 1.1300 level as the euro remains well positioned near the top of the daily G10 performan
Read more »
EUR/USD to pull back to the 1.1200 support after ECB meeting – INGEconomists at ING think that the European Central Bank (ECB) could disappoint the market’s hawkish expectations and send EUR/USD back to the 1.1200 su
Read more »
US T-bond yields stabilize, stock futures print losses as traders await ECB, BOEMarket sentiment stays sluggish as traders await key central bank verdicts amid reflation fears. While portraying the mood, US government bond yields
Read more »
Morning Bid: Betting on a 'very unlikely' ECB rate moveMorning Bid: Reserve Bank of Australia governor Philip Lowe stood firm against markets pricing several interest rate rises this year, showing he was adamant that rates would not rise until inflation is 'sustainably' within the target range
Read more »
EUR/GBP Price Analysis: Bearish H&S pattern in the making leading into BoE/ECB key eventsEUR/GBP is under the spotlight this week considering the central bank meetings on Thursday. ''The money market has priced in another 125 bps on UK rat
Read more »
EUR/USD to pull back to the 1.1200 support after ECB meeting – INGEconomists at ING think that the European Central Bank (ECB) could disappoint the market’s hawkish expectations and send EUR/USD back to the 1.1200 su
Read more »