In addition to the weekend trade report, more news about the ECB:
The European Central Bank (ECB) is likely to raise interest rates again in July to tackle high inflation. This is what ECB President Christine Lagarde said in an explanation of the new interest rate hike by the central bank.
According to Lagarde, the ECB is not yet at the desired "destination" and there is still a way to go in reducing inflation to the two percent target over the medium term. "We know where to go and the journey is not over."
According to Lagarde, there is no question of a pause in raising interest rates, as the US Federal Reserve is now doing. "We didn't even think about that or talk about it." The Fed decided last Wednesday to pause after ten rate hikes in a row.
"The central bank is determined to get inflation to the desired level in a timely manner and the ECB stands ready to deploy all available instruments," Lagarde said. She stressed that any interest rate decision will look at the available information to base a decision on.
Lagarde argues that inflation is now mainly driven by increased food prices and less by energy prices. According to her, the substantial wage increases also have a driving effect because companies pass on those costs in the output prices.
Interest rates were raised by a quarter of a percentage point last Thursday. High inflation undermines the purchasing power of consumers. By raising interest rates, the ECB wants to slow down the economy because borrowing then becomes more expensive. As a result, demand and price increases should weaken.
Acties van vandaag:
EURUSD : ondanks het positief nieuws van een long trend van de Euro geef dit paar vandaag niet thuis. we laten onze buy trade lopen.
EURGBP : het paar is overbought en we verwachten dus een up trend. daarom gaat het paar op de watchlist. Buy op 0.86300.
EURCHF : een uptrend in de Euro heeft altijd een juiste uitwerking op dit paar. Ons rating systeem geeft het volgende weer: EURCHF currently has a score of +1, or a Neutral rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 75.27%, and we see that the CHF has a long percentage of 38.44%. This category receives a +2, as institutional traders favor the EUR.
Taking a look at EURCHF, we see that retail traders are 52% long, and 48% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theEURCHF gets a reading of 0 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of +2.
Finally, let's look at fundamentals. GDP growth favors the CHF, inflation favors the CHF, unemployment favors the CHF and interest rates favor the EUR. We hebben een buy ingelegd op 0.98929.
AUDUSD : het paar is voor het weekend en na het weekend met een correctie bezig maar wij geloven nog in een uptrend de komende weken. daarom hebben we een buy ingelegd op 0.68816.
AUDCAD : nog steeds gaan we van een sterke Aussie uit. Een buy op 0.9100 moet zorgen dat de uptrend weer wordt opgepakt.
EURCAD : in lijn met onze toekomstige positie in de CAD leggen we hier ook een buy in op 1.44700.
The European Central Bank (ECB) is likely to raise interest rates again in July to tackle high inflation. This is what ECB President Christine Lagarde said in an explanation of the new interest rate hike by the central bank.
According to Lagarde, the ECB is not yet at the desired "destination" and there is still a way to go in reducing inflation to the two percent target over the medium term. "We know where to go and the journey is not over."
According to Lagarde, there is no question of a pause in raising interest rates, as the US Federal Reserve is now doing. "We didn't even think about that or talk about it." The Fed decided last Wednesday to pause after ten rate hikes in a row.
"The central bank is determined to get inflation to the desired level in a timely manner and the ECB stands ready to deploy all available instruments," Lagarde said. She stressed that any interest rate decision will look at the available information to base a decision on.
Lagarde argues that inflation is now mainly driven by increased food prices and less by energy prices. According to her, the substantial wage increases also have a driving effect because companies pass on those costs in the output prices.
Interest rates were raised by a quarter of a percentage point last Thursday. High inflation undermines the purchasing power of consumers. By raising interest rates, the ECB wants to slow down the economy because borrowing then becomes more expensive. As a result, demand and price increases should weaken.
Acties van vandaag:
EURUSD : ondanks het positief nieuws van een long trend van de Euro geef dit paar vandaag niet thuis. we laten onze buy trade lopen.
EURGBP : het paar is overbought en we verwachten dus een up trend. daarom gaat het paar op de watchlist. Buy op 0.86300.
EURCHF : een uptrend in de Euro heeft altijd een juiste uitwerking op dit paar. Ons rating systeem geeft het volgende weer: EURCHF currently has a score of +1, or a Neutral rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 75.27%, and we see that the CHF has a long percentage of 38.44%. This category receives a +2, as institutional traders favor the EUR.
Taking a look at EURCHF, we see that retail traders are 52% long, and 48% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theEURCHF gets a reading of 0 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of +2.
Finally, let's look at fundamentals. GDP growth favors the CHF, inflation favors the CHF, unemployment favors the CHF and interest rates favor the EUR. We hebben een buy ingelegd op 0.98929.
AUDUSD : het paar is voor het weekend en na het weekend met een correctie bezig maar wij geloven nog in een uptrend de komende weken. daarom hebben we een buy ingelegd op 0.68816.
AUDCAD : nog steeds gaan we van een sterke Aussie uit. Een buy op 0.9100 moet zorgen dat de uptrend weer wordt opgepakt.
EURCAD : in lijn met onze toekomstige positie in de CAD leggen we hier ook een buy in op 1.44700.