CFD News

EUR/USD: Break below 1.0300 could fuel more bearish momentum – ING

Dirty bitcoins on conveyor go through Tornado Cash and become clean in isometric view on dark background. Tornado Cash is service for confidential transfer of cryptocurrency. Vector illustration.

Federal Reserve Chair Jerome Powell’s speech is set to overshadow Eurozone inflation data. In the view of economists at ING, the EUR/USD pair may want to speed up its decline on a dip beneath 1.0300.

Inflation performs 2nd fiddle to Powell
“The affect of the inflation story on the EUR/USD has been, predictably, limited. External elements and Dollar dynamics proceed to pressure the pair’s performance, and we see draw back dangers these days given that Fed Chair Powell is scheduled to talk later.”

Related posts
CFD News

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

EUR/USD retailers bide time earlier than the subsequent downswing kicks in. Daily horizontal guide…
Read more
CFD News

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

USD/INR bears are taking manage and are shifting into each day support. USD/INR should be in for a…
Read more
CFD News

Japan’s Top FX Diplomat Kanda: Sharp one-sided currency moves cannot be tolerated

Japan’s pinnacle forex diplomat Masato Kanda warned on Thursday, sharp one-sided foreign money…
Read more
Newsletter
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *