EURUSD Down 130 Pips on Strong DXY
EURUSD slumps in early European trading as traders return to their offices after the New Year festivities. EURUSD is down 1.11% at 1.0546 hitting the lowest level since December 13
Key Events in the Week Ahead 5/11-12-2022
Interest rate policy will be on center stage for one more week. Reserve Bank of Australia (RBA) and the Bank of Canada (BAC) are expected to hike interest rates again but at a slower pace. In the USA, the focus will be on the ISM services
EURUSD Retreat From 5-Month High – Next Targets
EURUSD retreated today as it faces strong resistance at the 200-day moving average. Earlier today reported that final inflation figures in the euro area CPI rise 10.6% below the expectations of 10.7%
Key events in the Week Ahead 31/10 – 6/11
Investors will focus on the following key events for the next week, after a strong rebound for equities and cryptocurrencies the previous week. Earnings season continues
Key events in the Week Ahead
This week there are many key events and releases starting on Monday, which is a PMI day with reports from Germany, France UK Eurozone and US. Large-cap companies will also attract investors’ attention.
Forex Today
Forex market and the U.S dollar index trying to stabilize after yesterday’s sell-off and a strong rebound in the equities markets. The U.S CPI came in at 8.2%, year over year, above the consensus of 8.1%.
EURUSD Hits The Lowest Level Since November 2002
Euro continues to feel the pressure as Fed continues with hawkish rhetoric and Putin ordered a partial mobilization. EURUSD
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