EURUSD Market Update 18 Sep 2022
After ECB raised 0.75% of the interest rate last two weeks, this week is US Federal Reserve‘s turn to raise interest.
EURUSD Market Update 3 Sep 2022
With more hawkish comments from US Federal Reserve members, the EURUSD dropped below parity again this week. Next week on 8th September 2022, it is again ECB (European Central Bank) Interest Rate announcement and we should expect it will be a volatile week for EURUSD.
EURUSD Market Update 21 Aug 2022
EURUSD started to drop again last week and it seems to be in the process to retest the 52-week low of 0.9952. Jackson Hole Meeting, the annual global central banking conference is coming this in this Thursday 25 Aug till the weekend of next week.
EURUSD Market Update 17 Jul 2022
EURUSD now is at a level that we have never seen before since 2003. We saw a few moments when EUR is lower than USD last week.
This week there will be a European Central Bank (ECB) Interest Rate Decision announcement on 21 Jul and next week there will be an FOMC Interest Rate Decision and Press Conference on 27 Jul.
EURUSD Market Update 11 Jun 2022
The next FOMC Interest Decision and Press Conference will be held on 14-15 Jun 2022.
As you can see on the market yesterday, US CPI data for May was unexpectedly rise to 8.6% year over year while the market consensus is only 8.3%. There is no obvious sign that US inflation is under control although multiple rate hikes of 0.5% for the next few FOMC meetings are the market consensus at the moment. There are also some analysts that are predicting CPI next month might be as high as 9%.
EURUSD Market Update 30 Apr 2022
The next FOMC Interest Decision and Press Conference will be held on 3-4 May 2022.
The market continues to be very volatile throughout the whole of April 2022. Not only disappointed earning releases from giant companies like Netflix and Amazon cause the US stock market to drop significantly but Russia’s decision to stop their gas supply to Europe has caused EURUSD to drop to a level that is lower than the covid crash in Mar 2020. The low during the covid crash is 1.0637 and EURUSD closed yesterday at 1.0543.
EURUSD Market Update 12 Mar 2022
The next FOMC Interest Decision and Press Conference will be held on 15-16 Mar 2022.
In the current market, there are way too many uncertainties such as the Russia-Ukraine war, a new 40 years high Inflation rate of 7.9%, FOMC decision on the speed of rate hike, sanctions between Russia and other countries, extreme volatility in the commodities market. Hence, it is time for us to be cautious again.
EURUSD Market Update 23 Jan 2022
The next FOMC Interest Decision and Press Conference n will be held on 25-26 Jan 2022.
As you can see in the recent US Stock Market, Nasdaq and S&P 500 index has fallen into correction territory. The market is extremely volatile now.
The market has expected to have 3 rate hikes in 2022. Any rate hikes expectation that is more than 3 times this year will be bullish for USD while any reduction of the rate hikes expectation will bullish EUR.