The background music that comes from the European Central Bank (ECB) sounds quite moderate, with some even willing to speculate on 50pb rates cuts, says Chris Turner, an ing.
The worst scenario for the EUR/USD is probably 1,1250
“Inflation concerns seem to have disappeared greatly, and tomorrow’s publication of the ECB survey on inflation expectations at one and three years can help. The consensus expects both numbers Global, the strength of the currency is not what a great exporter wants at this time. “
“This week, the GDP data of the first quarter of the Eurozone and the preliminary publication of the April IPC data on Friday, where the nucleus could increase in the 2.5% year -on -year. The US and in fact, the 10 -year swaps from the US (a measure of the sovereign credit risk of the US) continues to be quoted at less extreme levels. “
“This week will also see high profile gains reports of companies such as Amazon, Microsoft, Apple and Meta. Its impact on US actions will probably also continue the recent positive correlation between US shares and the dollar. The EUR/USD is expected to continue to quote around 1,1300-1.1400 for the moment. The worst scenario for the Eur/USD is probably 1,1250 USA. They are surprised.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
