Euro Outlook: Signs of Fatigue Appear Ahead of Next Week’s ECB Meeting
The euro has shown signs of fatigue ahead of next week’s ECB meeting as institutional shorts pick up, attempting to narrow the gap
The euro has shown signs of fatigue ahead of next week’s ECB meeting as institutional shorts pick up, attempting to narrow the gap
The US economy expanded by 3.2% according to the second estimate of US GDP released today, slightly below the initial estimate. In the third quarter the US economy expanded by 4.9%.
The Japanese authorities appear more wary of involvement in FX markets than they once were, but entrenched Yen weakness may see it back in play.
Outlook on FTSE 100, DAX 40 and S&P 500 ahead of the second estimate of the US Q4 GDP growth and PCE inflation prints.
Markets have all but removed the likelihood of further rate hikes from the RBNZ after its dovish hold on the official cash rate. Aussie monthly inflation remains at 3.4%
This article dissects the technical outlook for EUR/USD, EUR/GBP, and EUR/JPY, scrutinizing price action dynamics and sentiment to glean insights into potential directional shifts.