O Mitrade Insights dedica-se a fornecer aos investidores informações financeiras ricas, oportunas e valiosas para ajudá-los a entender a situação do mercado e encontrar oportunidades de negociação oportunas.
    2021
    Melhor Provedor de Notícias e Análise
    FxDailyInfo
    2022
    Melhores Recursos Educacionais de Forex Global
    International Business Magazine

    EUR/USD recovers some lost ground above 1.0840, focus on German, Eurozone GDP data

    Fonte Fxstreet
    30/01/2024 01:07
    • EUR/USD rebounds to 1.0841 on the softer US Dollar. 
    • ECB’s Kazimir said the central bank won’t rush into cutting rates to avoid undoing progress on inflation.
    • The Federal Reserve (Fed) is likely to keep its key interest rates steady for the fourth time in a row. 
    • The German and Eurozone Q4 Gross Domestic Product (GDP) reports are due on Tuesday. 

    The EUR/USD pair recovers some lost ground below the mid-1.0800s during the early Asian trading hours on Tuesday. The rebound of the major pair is driven by the modest decline of the US dollar (USD) and lower US Treasury bond yields. Investors await the advanced Q4 Gross Domestic Product (GDP) from Germany and the Eurozone ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday. The major pair currently trades near 1.0841, adding 0.09% on the day.

    The European Central Bank (ECB) Governing Council member Peter Kazimir said that the central bank won’t rush into cutting interest rates to avoid undoing progress on inflation. Kazimir added that it would be risky to act rapidly in response to short-term surprises without having more clarity about the medium term. Additionally, Bank of France governor François Villeroy de Galhau stated that the ECB will cut our rates this year and that everything will be open at the next meeting on March 7.

    The advanced Q4 Eurozone Gross Domestic Product (GDP) is due on Tuesday, which is estimated to contract by 0.1% QoQ and remain steady on an annual basis. If the report shows a weaker-than-expected outcome, this could exert some selling pressure on the Euro (EUR) and act as a headwind for the EUR/USD pair. 

    Across the pond, the Federal Reserve (Fed) is likely to keep its key interest rates steady for the fourth time in a row. Nonetheless, there is a chance that the Fed might lower the rates by 25 basis points (bps) in March. According to the CME FedWatch Tool, futures traders have priced in a 45.9% likelihood that the Fed would cut interest rates for the first time this cycle in the March meeting.

    Looking ahead, the German and Eurozone GDP growth numbers for Q4 will be released on Tuesday. On the US docket, US JOLTS Job Openings and the Consumer Confidence gauge by the Conference Board will be released. The attention will shift to the FOMC meeting on Wednesday.

     

     

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
    placeholder
    USD/JPY Price Analysis: Drops below 150.00 as US yields weigh on US DollarThe USD/JPY is almost flat as Wednesday’s Asian session begins after posting minuscule losses of 0.09% on Tuesday, at the time of writing trades at 149.96.
    Fonte  Fxstreet
    The USD/JPY is almost flat as Wednesday’s Asian session begins after posting minuscule losses of 0.09% on Tuesday, at the time of writing trades at 149.96.
    placeholder
    Pound Sterling meanders as BoE policymakers line-up for testimony before UK ParliamentThe Pound Sterling (GBP) trades sideways in Tuesday’s European session as the market sentiment is slightly downbeat ahead of the release of the Federal Reserve Open Market Committee (FOMC) minutes, which will provide a fresh outlook on interest rates.
    Fonte  Fxstreet
    The Pound Sterling (GBP) trades sideways in Tuesday’s European session as the market sentiment is slightly downbeat ahead of the release of the Federal Reserve Open Market Committee (FOMC) minutes, which will provide a fresh outlook on interest rates.
    placeholder
    Australian Dollar extends winning streak on higher ASX 200 index amid subdued US DollarThe Australian Dollar (AUD) starts the week by continuing its four-day winning streak on Monday.
    Fonte  Fxstreet
    The Australian Dollar (AUD) starts the week by continuing its four-day winning streak on Monday.
    goTop
    quote