Lane urged patience | 06 Tháng Chín 2023

06 Tháng Chín 2023, EUR/USD

EURUSD trading plan:

European Central Bank Chief Economist Philip Lane expressed cautious optimism that inflation was slowing in an interview with, but said a lot more data was needed before he would be comfortable declaring victory. Having raised rates at each of its past nine meetings, the ECB is now debating whether to hike again on Sept. 14, perhaps for the last time in this tightening cycle to ensure it hits its 2% inflation target, or if it should pause given a rapid deterioration of the growth outlook. The bank faces a quandary as its deposit rate is already at a more than two-decade high and economic growth has stagnated for the past three quarters, but services price growth is stubborn and wages are still rising quickly, pointing to persistent price pressures.

Investment idea: sell 1.0747 and take profit 1.0690.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .