• Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
Digital Skill Institute
  • Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
      • Login

    Dollar

    • Home
    • Blog
    • Dollar
    • EUR/USD Extends Its Profit Testing 1.0600 During the European Trading Period

    EUR/USD Extends Its Profit Testing 1.0600 During the European Trading Period

    • Posted by DigitalLeonard
    • Categories Dollar, EUR/USD, Forex, News
    • Date June 27, 2022
    • Comments 0 comment


    EUR/USD is getting close to the 1.0600 mark today. This is because of the action of downward forces on the USD. Stocks in Europe rose beyond 1%, as it obtains strength from Asian and American counterparts. This made investors reconsider if the central bank will continue with its violent rate increase, as economic development decreases.

    The pricing of Futures reveals that traders are awaiting the Fed’s standard money rates to stabilize near 3.5% as of March 2023. Eventually, this will be a revision below past pricing in rate boosting to near 4% in 2023.

    EUR/USD Extends Its Profit Testing 1.0600 During the European Trading Period

    More EUR/USD Price Factors

    The dangers of economic tightening in the United State and European Countries have increased rapidly following Russia’s attacks on Ukraine. This has made consumer prices spike worldwide, and this can be observed in this month’s Purchasing Managers Index statement.

    Despite the noticed upward momentum, it appears as if buyers are barely profiting lately. It appears as if the uptrend in the United States’ Treasury might be holding back the EUR/USD’S movement towards 1.0600.

    Focus has moved to the first-tier United States Durable Goods request data, coming up soon during the New York session. Also, the coming Home Sales for new insight on the well-being of the US economy. Also, the opening statement of the ECB president during the 3-days gathering in Sintra this week should be monitored. Nevertheless, the major risk, this week will be the policy debate, between the executives of the Federal Reserve, Bank of England, and European Central Bank. This will occur during the Sintra meeting in two days: Wednesday.

    You can purchase Lucky Block here. Buy LBlock

     

    Share with other traders!



    Source link

    • Share:
    author avatar
    DigitalLeonard

    Previous post

    USOIL Recovers but Rallies to an Overbought Region at $108.54
    June 27, 2022

    Next post

    Resistance Level of $0.54 Holds, Ranging Movement Continues
    June 28, 2022

    You may also like

    shutterstock_1924603376-min-scaled.jpg
    British Law Commission Submits Proposal to Reform Existing Crypto Law
    28 July, 2022
    shutterstock_1915965031-min-scaled.jpg
    US Senators Pass Bill to Exempt Taxation on Small Crypto Transactions
    27 July, 2022
    EURCHF-1Day.png
    EURCHF Bears Successfully Led the Market Into the Demand Zone
    26 July, 2022

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Step By Step Website Design Tutorial For Beginners

    Step By Step Website Design Tutorial For Beginners

    ₦10,000.00
    How To Create A Professional Website Without Coding

    How To Create A Professional Website Without Coding

    ₦150,000.00 ₦5,500.00
    Digital Marketing Institute Logo
    +2348165842119
    support@digitalleonard.com
    Facebook-f Twitter Google-plus-g Pinterest

    Company

    • About Us
    • Blog
    • Become An Instructor
    • Contact

    Links

    • Courses
    • Events
    • Gallery
    • FAQs

    Support

    • Join Our YouTube Channel
    • Telegram Forum
    • Facebook

    Recommend

    • BINANCE
    • BYBIT
    • HUOBI
    • KUCOIN
    • OKEX
    • BITGET

    Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

    • Privacy
    • Terms
    • Sitemap
    • Contact

    Login with your site account

    Lost your password?