Hello to all our subscribers.
Please share your personal opinions in the comments. We kindly request your support through boosters and subscriptions.
Last week's release of the January PPI in the United States exceeded expectations by a significant margin. This led to negative opinions about the timing of the Fed's rate cuts, which in turn resulted in a strengthening of the dollar. Furthermore, there are forecasts suggesting that the ECB's rate cuts may come sooner than expected, indicating a time when the market needs to gauge how it will react.
- US January Producer Price Index MoM released at 0.3% increase, expectation was 0.1% increase, previous month was -0.1%.
- ECB Monetary Policy Meeting is scheduled for February 21.
- FOMC Meeting Minutes will be released on February 22.
- ECB Monetary Policy Meeting Report will be published on February 22.
The euro is undergoing a downward trend after deviating from its upward trend, facing resistance at recent highs. However, it is holding at support levels, experiencing short-term rebounds, which may indicate a possibility of retesting recent highs.
Based on this, two movements are anticipated:
The first is confirmation of resistance at the high of 1.10500 after confirming the strength of the current support line, leading to a medium to long-term decline.
The second is a short-term decline to the expected low of 1.04500 after breaking through the current support line.
These two movements are anticipated, ultimately leading to a decline to the lows. If there are unexpected movements, we will analyze and adjust our strategy accordingly.
Please share your personal opinions in the comments. We kindly request your support through boosters and subscriptions.
Last week's release of the January PPI in the United States exceeded expectations by a significant margin. This led to negative opinions about the timing of the Fed's rate cuts, which in turn resulted in a strengthening of the dollar. Furthermore, there are forecasts suggesting that the ECB's rate cuts may come sooner than expected, indicating a time when the market needs to gauge how it will react.
- US January Producer Price Index MoM released at 0.3% increase, expectation was 0.1% increase, previous month was -0.1%.
- ECB Monetary Policy Meeting is scheduled for February 21.
- FOMC Meeting Minutes will be released on February 22.
- ECB Monetary Policy Meeting Report will be published on February 22.
The euro is undergoing a downward trend after deviating from its upward trend, facing resistance at recent highs. However, it is holding at support levels, experiencing short-term rebounds, which may indicate a possibility of retesting recent highs.
Based on this, two movements are anticipated:
The first is confirmation of resistance at the high of 1.10500 after confirming the strength of the current support line, leading to a medium to long-term decline.
The second is a short-term decline to the expected low of 1.04500 after breaking through the current support line.
These two movements are anticipated, ultimately leading to a decline to the lows. If there are unexpected movements, we will analyze and adjust our strategy accordingly.