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EUR/USD, Oil Forecast: Two trades to watch
EUR/USD is on the back foot, giving back yesterday's gains and trading below 1.09 in a cautious market mood. Signs of fatigue in the latest EUR/USD rally raise questions over whether the pair can easily break the 1.10 level. Attention is now on eurozone consumer confidence data, which is expected to improve slightly to -13.2, up from -14. The slight improvement in morale comes as the ECB cut interest rates in June by 25 basis points. However, the ECB left rates unchanged in the July meeting and hasn’t committed to another rate. ECB policymaker De Guindos confirmed that inflation is falling in line with predictions. ... (full story)
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- Posted: Jul 23, 2024 9:49am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,593
