Everyone is waiting for Jackson Hole this week, but it is still worth taking a look at the data from the Eurozone today, as the purchasing managers' i
The market might scrutinize ECB President Christine Lagarde's statements on Friday, when she is expected to speak in Jackson Hole, to see if she might sound a bit more dovish, whereupon the Euro could come under downward pressure.
But I would be cautious about over-interpreting her statements, and prefer to wait for the new inflation figures for August, which will be published on Aug. 31. Moreover, at the end of the interest rate cycle and shortly before the next interest rate meeting in September, Lagarde is likely to leave all doors open for the time being anyway. In this respect, I would not want to rush selling the Euro today on weaker-than-expected indices.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Euro (EUR) Forecast Latest: Will Flash PMIs Spark Action in EUR/USD, EUR/JPY?Wednesday’s German and Euro Zone flash PMIs may give the single currency a much needed boost of volatility
Weiterlesen »
EUR/USD: Recovery could be cut short if preliminary August PMIs disappointEUR/USD battles higher for second day aided by Yuan defence. Economists at Société Générale analyze the pair’s outlook. EUR/GBP has returned to the lo
Weiterlesen »
EUR/USD Forecast: Euro could extend recovery once it clears 1.0900EUR/USD found a foothold and started to edge higher toward 1.0900 early Monday after having registered losses for the fifth straight week in a row. In
Weiterlesen »
EUR/USD Price Analysis: Euro bulls attack 1.0910 upside hurdle on softer GreenbackEUR/USD buyers flirt with the 1.0900 threshold within a one-month-long falling wedge bullish chart formation on early Tuesday. The Euro pair’s latest
Weiterlesen »
EUR/USD Forecast: Euro shows signs of a bullish reversalEUR/USD extended its rebound early Tuesday and climbed above 1.0900 after snapping a six-day losing streak on Monday. In case risk flows continue to d
Weiterlesen »
Euro Faces 6 Weeks of Losses as Retail Traders Persistently Remain Bullish EUR/USDThe Euro is on course for a 6th consecutive weekly loss, the longest losing streak since 2018. Persistent bullish retail traders offer a stronger EUR/USD bearish contrarian trading bias.
Weiterlesen »