Euro offers a near-term bullish stance and could extend its recovery beyond 1.0600 EUR EURUSD $EUR $EURUSD
Global indexes advanced, although Wall Street pulled down from highs post-Powell.The EUR/USD pair
Meanwhile, global indexes edged higher, with Wall Street firmly up after suffering a sell-off in the previous weeks. The advance, however, could be corrective as the underlying factors that pushed them lower remain intact. Mid-US afternoon, Federal Reserve chair Jerome Powell offered a speech. Powell failed to surprise investors, repeating that the central bank is comfortable with 50 bps rate hikes.
On Wednesday, the EU will release the final version of April inflation figures, expected to be confirmed at 7.5% YoY, while the US will publish housing-related data.The EUR/USD pair trimmed last week's losses, but the advance still looks corrective in the daily chart. Technical indicators maintain their upward slopes within negative levels, with the Momentum nearing its mid-line but the RSI holding well below it.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Forecast: Euro recovery attempts to remain limitedEUR/USD has edged higher and steadied above 1.0400 in the early European session after having lost more than 100 pips last week. The risk-averse marke
Lire la suite »
Euro Breaking News: European Commission Spring Forecast Buoys EUR/USDThe European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Get your market update from WVenketas here:
Lire la suite »
EUR/USD Forex Signal: Ripe for a Major Bearish BreakoutThe EUR/USD pair declined slightly as concerns about the future of the European economy continued.
Lire la suite »
EUR/USD Forecast: European woes undermine demandThe EUR/USD pair ended Monday with modest gains in the 1.0430 price zone, up from an early low of 1.0388. The American dollar appreciated at the begi
Lire la suite »
EUR/USD pares earlier gains, falls back to 1.0400 despite ECB Villeroy’s commentsThe euro got a short-lived boost from comments from the head of the French central bank head Francois Villeroy de Galhau during early European trade,
Lire la suite »
USD/THB risks a corrective move near term – UOBQuek Ser Leang at UOB Group’s Global Economics & Markets Research suggested risks around USD/THB seem to be shifting to the downside. Key Quotes “We h
Lire la suite »