- Euro/US dollars close to an apartment near the handle of 1.0500.
- European data is often lukewarm this week, and feeding fires waving on the horizon.
- The results of the PMI activity in the United States are due this week, but not until Friday.
Euro/dollars She was immersed in the handle of 1.0500 on Monday, where he got a four -day victory chain as the fiber bulls rethink their position. Money markets have been restricted due to a lack of flow of requests during the US market session, with most of the main exchanges in the United States for the President’s Day holiday. FX Markets will return to the insert fold on Tuesday, but the euro offers may not find great momentum with a thin row.
The results of the European economic morale survey each of Germany and the wider European region will be early on Tuesday, but consumers tend to be reactionary and behind the curve on economic factors, so the market impact is likely to remain limited. Regardless, the February numbers are expected to improve January printing.
The printing of the main American data this week will be the minutes of the meeting coming from the latest Federal Reserve for the Federal Reserve, on Wednesday. The results of the American Procurement Managers Index (PMI) is due this week, but not until Friday.
Euro/dollar price expectations
EUR/USD failed to rise more than 1.0500 again on Monday, which led to the outbreak of the main technical level as the risk of gas is running out. The fluctuation of artistic oscillators, including the stochastic index, is a flashing signs of a flashing technical position at its peak, although confirmation of the shift in the low side has not yet been achieved.
The pair is traded to the north directly from the 50 -day SIA moving average (EMA) at 1.0432, and it appears that there is a fixed technical bottom in approximately 1.0300.
The euro graph/daily dollar
Common questions euro
The euro is the currency of the 19 European Union countries belonging to the eurozone. It is the second most traded currency in the world behind the US dollar. In 2022, it represented 31 % of all foreign exchange transactions, with an average daily rotation of more than $ 2.2 trillion per day. EUR/USD is the most trading currency pair in the world, which represents an estimated 30 % of all transactions, followed by EUR/JPY (4 %), EUR/GBP (3 %) and EUR/AUD (2 %).
The European Central Bank (ECB) in Frankfurt, Germany, is the backup bank. The European Central Bank sets interest rates and runs monetary policy. The primary mandate in the European Central Bank is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary performance is to raise or reduce interest rates. Relatively high interest rates – or expect higher rates – usually benefit from the euro and vice versa. The Board of Directors of the European Central Bank is making monetary policy decisions at eight times a year. Decisions are made by the heads of national banks in the eurozone and six permanent members, including the President of the European Central Bank, Christine Lagarde.
The inflation data in the euro area, measured by a coordinated index of consumer prices (HICP), is an important economist for the euro. If inflation increases more than expected, especially if it is 2 % higher than the European Central Bank’s goal, then the European Central Bank is obliged to raise interest rates to return it in control. Relatively high interest rates usually benefit compared to its euro counterparts, as it makes the region more attractive as a place for global investors to stop their money.
Data ejaculates a measurement of economics health and can affect the euro. Indicators such as GDP, manufacturing, PMIS, employment services, and consumer morale surveys can affect the trend of uniform currency. The strong economy is useful for the euro. Not only is to attract more foreign investment, but the European Central Bank may encourage interest rates, which will enhance the euro directly. Otherwise, if economic data is weak, the euro is likely to decrease. Economic data of the four economies in the eurozone (Germany, France, Italy and Spain) are of particular importance, because it represents 75 % of the eurozone economy.
Other important version of the euro is the commercial balance. This indicator measures the difference between what a country gains from its exports and what it spends on imports during a certain period. If a country produces very absolute after exports, its currency will obtain a purely value of the additional demand created from foreign buyers who seek to buy these goods. Therefore, the positive and positive trade balance enhances the currency and vice versa to achieve a negative balance.
2025-02-18 00:05:27