EURUSD Market Update 27 Apr 2023
Next week we will have multiple important economic announcements from both Europe and US such as CPI from Europe and Interest Rate Decisions from FOMC and ECB.
Next week we will have multiple important economic announcements from both Europe and US such as CPI from Europe and Interest Rate Decisions from FOMC and ECB.
After the ECB Interest Decision rate announcement last week, this week is US Federal Reserve’s turn to announce their FOMC Interest Decision Rate. Do you think US Fed will raise only 0.25% as per the market’s consensus?
This coming week will have US CPI and PPI announcements while from the Europe side, there will be an interest rate decision from European Central Bank(ECB). Let’s review EURUSD and have a game plan for this upcoming announcement.
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This coming week will be an interesting and volatile week as both US Federal Reserve and European Central Bank (ECB) will announce their interest rate decision in the same week. In addition to that, Europe will also release its GDP, CPI, and inflation rate economic data.
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When we review the market news today, we realized that now the market is very extreme on upcoming CPI prediction in both different directions.