comienzo
comercio

Principal >
Datos analíticos de Forex
>
Pronóstico Fresco
>
Forex Fundamental Analysis
>
Abundance of news events may change the situation on the euro against the dollar

Abundance of news events may change the situation on the euro against the dollar | 22 Agosto 2024

22 Agosto 2024, EUR/USD

Abundance of news events may change the situation on the euro against the dollar

Events to watch out for today:

11:00 GMT+3. EUR - Composite PMI

15:30 GMT+3. USD - Initial Jobless Claims Number

16:45 GMT+3. USD - Composite PMI

EURUSD:

EUR/USD traded with small losses near 1.1145 during the Asian session on Thursday. The major pair's decline is likely to be limited amid growing expectations that the US Federal Reserve (Fed) will begin easing its monetary policy in September. Later on Thursday, preliminary purchasing managers' indices (PMIs) for August from the eurozone and the US will be released.

Minutes of the 30-31 July Fed meeting released on Wednesday showed that most Fed officials agreed last month that they would likely cut interest rates at their next meeting in September as long as inflation continues to fall. Atlanta Fed President Raphael Bostic said: ‘We may have to change our policy stance sooner than I had previously thought’.

Fed Chairman Jerome Powell's speech at Jackson Hole may provide some hints as to how the US interest rate will change. Markets expect Powell to make it clear on Friday that inflation is on track to meet the Fed's 2% target. Any dovish remarks from Fed officials could put pressure on the US Dollar and create a tailwind for EUR/USD.

On the other side of the pond, European Central Bank (ECB) policymakers refrained from a concrete path of interest rate cuts, citing expectations that Eurozone inflation will remain at current levels for the rest of the year. However, ECB chief Olli Rehn said on Monday that the ECB may have to cut interest rates again in September due to continued economic weakness. Markets have estimated the probability of a 25 basis points (bps) deposit rate cut to 3.5% in September at almost 90% and believe there will be at least one more move before the end of the year.

Trading recommendation: Trade mainly with buy orders at the price level of 1.1170. We consider sell orders at the price level of 1.1100.

Our company provides an opportunity to earn income not only from your trading. By attracting clients within the affiliate program, you can get up to $30 per lot!

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión

Mostrar contraseña

Ocultar contraseña

 ¿Se te olvidó tu contraseña?
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.

Nuestros mejores premios:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.