What is going on Peeps? I hope you’re all good.
Right! Market updates: UK CPI came out higher than expected & EU CPI came out lower than expectations, with these two economic events out of the way everyone’s focus is likely back on the dollar. We had Fed Kashkari reiterate that the Federal Reserve will not be slowing down or pausing interest rate hikes this year. Fed Bullard added that it’s good news that markets are pricing in anticipated hikes. These are very hawkish comments from both Fed Members.
With EU CPI coming out lower than expected, in this tug of war between currencies the EURO should weaken against the DOLLAR.
Above is an analysis, I would like price to retrace back to 0.98080 so that I can look for a potential short opportunities on EURUSD.
Right! Market updates: UK CPI came out higher than expected & EU CPI came out lower than expectations, with these two economic events out of the way everyone’s focus is likely back on the dollar. We had Fed Kashkari reiterate that the Federal Reserve will not be slowing down or pausing interest rate hikes this year. Fed Bullard added that it’s good news that markets are pricing in anticipated hikes. These are very hawkish comments from both Fed Members.
With EU CPI coming out lower than expected, in this tug of war between currencies the EURO should weaken against the DOLLAR.
Above is an analysis, I would like price to retrace back to 0.98080 so that I can look for a potential short opportunities on EURUSD.
