malaysia forex trading time–HXFXglobal reminds you:
ECB Dovish, EURUSD May Prolong It’s Bear Trend
Don’t miss the opportunity to make a profit, check the trends in EURUSD now>>
Although the Russian-Ukrainian war continues to cause weak economic growth in Europe, the ECB believes that long-term high energy prices tend to lead to deflation, so it announced that it will keep interest rates unchanged, but after confirming that its asset purchase program will end in the third quarter, traders expect The European Central Bank will raise interest rates by 64 basis points by the end of the year. The United States announced that the retail sales rate increased in March, and the dollar continued to rise, causing EURUSD fell to 1.0757, a new low since April 2020. The inflation pushed up by the Russian-Ukrainian war may not be eliminated in the short term, and it is expected that EURUSD will continue to decline.
Trends in EURUSD can pay attention to…
-Latest news on the Russian-Ukrainian war
-17:00 Eurozone CPI (Mar)
-20:30 US Unemployment Claims for the week ending 4/16
-21:45 US Markit Manufacturing PMI (Initial) (Apr)
-21:45 US Markit Service PMI (Initial) (Apr)
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.
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