EUR/USD:Advanced German Q4 GDP Growth Rate next on tap.
EUR/USD reclaims ground lost and manages to regain the smile after two consecutive daily pullbacks, shifting its focus at the same time to the 1.0900 neighbourhood amidst the broad-based cautious stance ahead key events later in the week.
Indeed, the FOMC meets on Wednesday and a 25 bps rate hike is largely anticipated, while the ECB is predicted to raise its policy rate by half percentage point on Thursday.
Investors’ attention, in the meantime, should remain on the potential future moves by these two major central banks, where the sentiment among investors remain at the mercy of hawkish messages from the Fed/ECB policy makers, the likelihood of Fed’s pivot, improved growth prospects in the euro region and the resilience of the US economy.
Indeed, the FOMC meets on Wednesday and a 25 bps rate hike is largely anticipated, while the ECB is predicted to raise its policy rate by half percentage point on Thursday.
Investors’ attention, in the meantime, should remain on the potential future moves by these two major central banks, where the sentiment among investors remain at the mercy of hawkish messages from the Fed/ECB policy makers, the likelihood of Fed’s pivot, improved growth prospects in the euro region and the resilience of the US economy.
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