An illustration depicting analytics is shown in the accompanying image. It highlights the importance of data analysis in today’s digital age. Analysis of the trends It is plausible that the euro-dollar pair could increase from the 1.0756 closing of the previous day’s candle to 1.0814, which is the top limit.
The US CPI data is what everyone is waiting for today, but this is a market that would much prefer a softer number. EUR/USD and AUD/USD are staying cautious as they approach the 0.7000 mark, while the S&P 500 has steadily climbed up to be within range of its 200-day.
Goldman Sachs has revised down its forecast for a Eurozone recession this year, from a 0.1% contraction in GDP.GS had anticipated a modest fall in Eurozone output of 0.1% this year. However, the bank now expects Eurozone economic growth to slow down throughout the winter months as a consequence of.
Rates will still need to rise significantly, says Rehn ECB’s Rehn: Rates will still have to rise significantly, says De Cos at the ECB US EIA weekly oil inventories for the week ending Jan 6 +18,962K vs -2243K expected Treasury Auctions of $32 billion a ten-year bond with a high.
When it comes to the pair, buying is mostly advised at present because of the bearish run of four consecutive bars. Bulls, who believe that this is a higher high reversal, are likely to be more optimistic about future price increases if a micro double bottom of 1.0708 is.
In the past 6 trading days since the EURJPY hit a low of 137.377 on January 3rd, it has increased five times. This equates to a rise of 544 pips. The cost soared to 142.85, nearly matching the 100-day moving average of 143.026. Furthermore, this price peak also came close.
The euro is having itself a nice day, rising 30 pips to 1.0765 and near a session high. The markets are pricing a 76% chance of a 50 bps hike from the ECB on Feb 2. That’s dipped from earlier this week.
Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.
China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.
Headlines: Not quite the 2022 theme this one Bavaria December CPI +9.2% vs +10.9% y/y prior Saxony December CPI +8.7% vs +9.9% y/y prior Germany December unemployment change -13k vs 15k expected UK December final manufacturing PMI 45.3 vs 44.7 prelim Switzerland December manufacturing PMI 54.1 vs 53.3 expected SNB.