HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

EUR got stuck


31 March 2023

EURUSD took a break in growing on Thursday. The current quote is 1.0840. The general market attitude remains favourable: investors are taking adequately the risks around the US and European banking situation and are not avoiding deals. Meanwhile, EURUSD seems to have lost the ascending impulse. The dollar is affected negatively by the expectation that the Fed is going to put an end to the tight interest rate policy.

Today the interest rate is already 5%, and the future is unclear. However, the longer it takes the Fed to make the decision to lift the rate again and the harder this decision is, the more frequently investors think about the end of this trend.

Today the US will publish the final fourth-quarter GDP valuation. The economy is expected to have grown by 2.7%, as estimated before. If so, this will be a dubious achievement for such a mighty system. The key release of this week is scheduled for Friday. This is the Core PCE, the price index of base personal expenses that the Fed keeps a close eye on. In February, it might have grown by 0.4% m/m against 0.6% m/m in January. This will mean that inflation is, indeed, fading.

#source

Share: Tweet this or Share on Facebook


Related

Fed stops dollar's CPI-related bleed, BoJ next
Fed stops dollar's CPI-related bleed, BoJ next

Dollar tumbles after weaker-than-expected CPI data. Recovers somewhat after Fed signals one rate cut. BoJ decision looms as investors bet on July hike. US CPI data propels Wall Street to fresh records.

13 Jun 2024

Dollar rallies on NFP, euro slips after EU vote
Dollar rallies on NFP, euro slips after EU vote

US nonfarm payrolls surge past expectations - Dollar skyrockets as Fed rate cuts are scaled back - Euro slips as Macron calls snap election in France - S&P 500 pulls back after hitting new record high

10 Jun 2024

Dollar rallies as market angst spreads
Dollar rallies as market angst spreads

Higher Treasury yields contribute to stock indices' retreat. Euro under pressure as the pound benefits from the election. Gold fails to benefit from risk-off while oil drops ahead of OPEC meeting.

30 May 2024

Dollar benefits from hawkish Fed minutes
Dollar benefits from hawkish Fed minutes

Dollar rallies as both gold and bitcoin fall. Early UK elections called after mixed UK CPI report. EZ PMIs unlikely to stop the ECB from cutting rates in June

23 May 2024

Dollar plummets as US data supports Fed rate cuts
Dollar plummets as US data supports Fed rate cuts

US inflation resumes downtrend, retail sales stagnate. Dollar falls as investors add to Fed rate cut bets. Yen gains even as Japanese economy contracts. Wall Street at fresh records, gold rallies on US data.

16 May 2024

US dollar recovers, stocks rally stalls as market tries to find its footing
US dollar recovers, stocks rally stalls as market tries to find its footing

Fed expectations drive the market. Three Fed speakers on the wires today. Dollar recovers but all eyes are on the US stocks and Treasury yields. Yen on the back foot again, gold steady amid the Israeli ground operation.

8 May 2024


Editors' Picks

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

The Evolution of Forex Expert Advisors: Navigating the Path of Technological Revolution

The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.

The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.