Don’t miss the opportunity to make a profit, check the trends in EURUSD now>>
Yesterday, the inflation data which announced by United States is higher than expected, the market raised expectations that the Federal Reserve would raise interest rates by at least 75bps, even raise interest rates to 100bps with hawkish, and the dollar rose sharply. The continuing geopolitical situation in Russia and Ukraine has led to the unresolved problem of energy supply shortage in the euro area. The crisis will continue to push up European inflation and will further plunge the euro area into economic recession. In general, the economic development prospects of the euro zone are not optimistic, the euro is under heavy pressure, and the bear market in EURUSD may continue.
Trends in EURUSD can pay attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US PPI (MoM) (August)
-20:30 US Unemployment Claims for the week ending 9/10
-20:30 US Retail Sales Index (MoM) (August)
-17:00 Eurozone CPI (MoM) (YoY) (August)
-22:00 Preliminary value of the University of Michigan Consumer Confidence Index (September)
Which will affect the trend in EURUSD. Investors must grasp the opportunity to make an order.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.