Economic data this week is expected to support growing expectations that the US Federal Reserve (Fed) will leave interest rates unchanged later this month and is likely to provide central bank relief. The market is more neutral for the rest of the year.
However, economic data could be delayed as focus turns to Europe ahead of the European Central Bank's (ECB) monetary policy decision. There are growing expectations that the ECB will keep interest rates unchanged, not least because it is under control but the threat of recession continues to grow.
Andrew Kenningham, chief European economist at Capital Economics, said that while the ECB could raise interest rates this week, he suspected the impact would be limited because it could be the last time the bank is honest. shows this tight cycle.
Analysts say Europe's slowing economy makes the greenback more attractive to capitalists.
XAUUSD BUY 1920 - 1922
🟢TP1: 1927
🟢TP2: 1932
🔴SL: 1912
However, economic data could be delayed as focus turns to Europe ahead of the European Central Bank's (ECB) monetary policy decision. There are growing expectations that the ECB will keep interest rates unchanged, not least because it is under control but the threat of recession continues to grow.
Andrew Kenningham, chief European economist at Capital Economics, said that while the ECB could raise interest rates this week, he suspected the impact would be limited because it could be the last time the bank is honest. shows this tight cycle.
Analysts say Europe's slowing economy makes the greenback more attractive to capitalists.
XAUUSD BUY 1920 - 1922
🟢TP1: 1927
🟢TP2: 1932
🔴SL: 1912
