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Many Federal Reserve officials, including New York Fed President John Williams, have forecasted a rate cut in the latter half of this year. These statements have significantly dampened expectations for an early rate cut, making a rate cut in June also seem unlikely. However, the speculation that the timing of the ECB's rate cut may be earlier than that of the Fed, as indicated by remarks from ECB policymaker Robert Holzmann, is causing the euro to strengthen.
- ECB President Lagarde will deliver a speech on February 27th.
- US fourth-quarter GDP will be released on February 28th.
- US Personal Consumption Expenditures Price Index will be released on February 29th.
- Eurozone Consumer Price Index will be released on March 1st.
The euro is showing signs of rebounding from the support line below and attempting to retest the resistance at the high point once again. It remains to be seen whether a downward trend will form after confirming resistance in this range or if a new trend will emerge. If resistance is encountered at this level (1.10000), we can expect a decline to the 1.04500 line, with a potential further decline to the 1.03500 line. However, it is also possible that downward pressure could swiftly push through the support line to the lower trendline due to the issues this week.
Two movements can be anticipated:
1. A decline to the 1.04500 line due to resistance at the upper resistance of 1.10000.
1. A short-term decline to the 1.03500 line due to resistance limiting upward movement.
These two movements are expected, ultimately leading to a decline to the lower levels. If there are any unexpected movements, we will reanalyze and adjust our strategy accordingly.
Please share your personal opinions in the comments. Your support with likes and subscriptions is appreciated.
Many Federal Reserve officials, including New York Fed President John Williams, have forecasted a rate cut in the latter half of this year. These statements have significantly dampened expectations for an early rate cut, making a rate cut in June also seem unlikely. However, the speculation that the timing of the ECB's rate cut may be earlier than that of the Fed, as indicated by remarks from ECB policymaker Robert Holzmann, is causing the euro to strengthen.
- ECB President Lagarde will deliver a speech on February 27th.
- US fourth-quarter GDP will be released on February 28th.
- US Personal Consumption Expenditures Price Index will be released on February 29th.
- Eurozone Consumer Price Index will be released on March 1st.
The euro is showing signs of rebounding from the support line below and attempting to retest the resistance at the high point once again. It remains to be seen whether a downward trend will form after confirming resistance in this range or if a new trend will emerge. If resistance is encountered at this level (1.10000), we can expect a decline to the 1.04500 line, with a potential further decline to the 1.03500 line. However, it is also possible that downward pressure could swiftly push through the support line to the lower trendline due to the issues this week.
Two movements can be anticipated:
1. A decline to the 1.04500 line due to resistance at the upper resistance of 1.10000.
1. A short-term decline to the 1.03500 line due to resistance limiting upward movement.
These two movements are expected, ultimately leading to a decline to the lower levels. If there are any unexpected movements, we will reanalyze and adjust our strategy accordingly.