The euro has temporarily stabilized
28.01.2015
On Wednesday morning the main currency pair trading in small quantities - investors are waiting for the completion of the two-day meeting of the US Federal Reserve.
The euro stabilized by Wednesday. Judging by the lack of dynamics this morning, a technical rebound from the lows of twelve years has completed and the market is waiting for news. There will be enough today: to take at least the end of the two-day meeting of the Federal Reserve System.
All attention is directed to the formulations that the regulator will explain the current situation and make predictions for the future. The benchmark rate is very important, but I frankly doubt that Janet Yellen will now comment on the controversial issue: the currency pairs only calmed down and it is unlikely that the States need parity right now.
It is interesting to hear about inflation. There are many "thin" moments, ranging from the impact of oil prices and ending moderate consumer demand. Do recall that at the end of December CPI in the US was 0.8% y/y. It's quite low, and the decrease (m/m noted a "drawdown" of 0.4%) may be a signal relative to the total picture of the unstable economy. The inflation target is just 2%. Most likely, much attention will be paid to the QE program from the ECB and its impact on the economy of the world. It is also important - so far not commented on US-European recession.
Thus, more or less serious movement in the EUR/USD pair is postponed until the evening. It seems that the local minimum at 1.1097 will stand today.
RoboForex Analytical Department
The euro stabilized by Wednesday. Judging by the lack of dynamics this morning, a technical rebound from the lows of twelve years has completed and the market is waiting for news. There will be enough today: to take at least the end of the two-day meeting of the Federal Reserve System.
All attention is directed to the formulations that the regulator will explain the current situation and make predictions for the future. The benchmark rate is very important, but I frankly doubt that Janet Yellen will now comment on the controversial issue: the currency pairs only calmed down and it is unlikely that the States need parity right now.
It is interesting to hear about inflation. There are many "thin" moments, ranging from the impact of oil prices and ending moderate consumer demand. Do recall that at the end of December CPI in the US was 0.8% y/y. It's quite low, and the decrease (m/m noted a "drawdown" of 0.4%) may be a signal relative to the total picture of the unstable economy. The inflation target is just 2%. Most likely, much attention will be paid to the QE program from the ECB and its impact on the economy of the world. It is also important - so far not commented on US-European recession.
Thus, more or less serious movement in the EUR/USD pair is postponed until the evening. It seems that the local minimum at 1.1097 will stand today.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.