ECB's Wunsch: We might need another hike | Metals Mine

  • ECB's Wunsch: We might need another hike

Added at 2:21am

Added at 2:21am

Comment Options
ZforexCM
14 hr ago
Permalink
The euro recovered above $1.14 after last week's sharp selloff as investors shifted their focus to the ECB's Sintra Forum and upcoming inflation data. Comments from Pierre Wunsch suggest the ECB is still leaning toward further tightening, even if policymakers are not committing to a July move just yet.

With inflation expected to stay above target for the coming quarters, markets will be listening closely to Christine Lagarde's remarks and Wednesday's panel with Fed Chair Kevin Warsh and BoE Governor Andrew Bailey. Any signals on the pace of future rate hikes could set the tone for the euro in the weeks ahead.

The first resistance for EURUSD is positioned at 1.1420 while the support starts from 1.1360.

R1: 1.1420 | S1: 1.1360
R2: 1.1460 | S2: 1.1290
R3: 1.1540 | S3: 1.1200
Attached Image (click to enlarge)
Click to Enlarge Name: euro-rebounds-ahead-of-sintra-forum-6558.png Size: 68 KB
Reply

  • Related Stories

Dollar/Yen briefly sees sharp drop; suspected JPY intervention
From @DeItaone | 11 hr ago | 74 comments
DOLLAR/YEN BRIEFLY SEES SHARP DROP LAST UP 0.25% AT 162.34 Just in | Market Speculation Surrounds Potential JPY Intervention
ECB's Nagel: Inflation may stay significantly above our target
From @financialjuice | 16 hr ago
ECB's Nagel: Inflation may stay significantly above our target. ECB's Nagel: Energy shock is still in the system. ECB'S NAGEL: TOO EARLY TO MAKE CALL ON RATE HIKES ECB's Nagel: I'm not concerned about debt markets
Fed's Hammack: The inflation is still too high, the Fed may need to consider rate hikes
From @financialjuice | 8 hr ago | 3 comments
Fed's Hammack: The inflation is still too high, the Fed may need to consider rate hikes HAMMACK: WILL GO INTO FED MEETINGS WITH OPEN MIND, WON'T PREJUDGE OUTCOMES Fed's Hammack: It's important that central bankers are transparent about the reaction function
  • Story Stats