Buy the $EURUSD pair and set a take-profit at 1.0825. TradingSignals EURUSD forextrading forexsignal
It was trading at 1.0745, which was higher than last week’s low of 1.0485. It has risen sharply from the lowest level in 2022.The global economy will continue facing significant headwinds in 2023 as inflation remains elevated in most countries. According to the World Bank, the economy will expand by 1.3% this year, lower than the previous estimate of 3%. The bank warned that the economy was on a razor’s edge and risks falling into a recession this year.
Natural gas prices, which soared in 2023, has started dropping because of the warmer winter. Measures by European governments to boost liquified natural gas imports and restart coal plants has helped the region deal with inflation. Therefore, there is a likelihood that European countries will do better than what analysts were expecting.
The EUR/USD pair was also unchanged after Jerome Powell avoided talking about monetary policy in his speech on Tuesday. Therefore, he left the markets guessing about what the bank will do in the coming months.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: Stuck in a Range Ahead of US Inflation$EURUSD ForexSignal - Stuck in a Range Ahead of US inflation Data TradingSignals EURUSD forextrading
Read more »
EUR/USD Forex Signal: Moving to the Overbought ZoneThe EUR/USD price continued rallying as investors predicted that the Federal Reserve will dial back its aggressive tightening policy.
Read more »
AUD/USD Forex Signal: More Upside as Rally StallsThe AUD/USD exchange rate rose to the highest level since August 31 as China continued reopening.
Read more »
USD/JPY Forex Signal: Bearish Trend to Persist Ahead of US CThe USD/JPY exchange rate came under pressure after the latest statement by Jerome Powell and after important Japanese economic numbers.
Read more »
EUR/USD Price Analysis: Breakout traders triggered long, bears looking to pounceEUR/USD broke to the backside of the bearish trend at the end of last year. It has since rallied towards a key resistance area but has started to slow
Read more »
EUR/USD Price Analysis: Struggles around 1.0730 resistance amid looming bull cross on MACDEUR/USD Price Analysis: Struggles around 1.0730 resistance amid looming bull cross on MACD EURUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »