empty
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

11.09.202313:20 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD kicks off new trading week on positive note

Exchange Rates 11.09.2023 analysis

The EUR/USD pair is starting the new week with a positive movement. The rise is supported by the weakening of the U.S. dollar, although it lacks bullish confidence. Ahead of key macroeconomic data releases for the U.S. this week and the decisive European Central Bank (ECB) meeting, traders are reluctant to make aggressive bets.

Exchange Rates 11.09.2023 analysis

U.S. Consumer Price Index (CPI) data will be published on Wednesday, followed by monthly retail sales data and the Producer Price Index (PPI) on Thursday. Additionally, on Thursday, the ECB plans to announce its decision on monetary policy.

The prospects of further tightening of the Federal Reserve's policy may help the dollar and restrain the further rise of the EUR/USD pair. However, comments from several Federal Reserve representatives last week guaranteed that the Fed would not raise interest rates again in September. This has led to uncertainty among traders in making short-term position decisions. Furthermore, optimistic macroeconomic data from the U.S. published last week confirmed the resilience of the economy and the theory of higher interest rates in the long term.

Moreover, according to The Wall Street Journal, some officials still prefer to talk about rate hikes, citing that they may lower them later. This, in turn, continues to support the rise in U.S. Treasury bond yields and favors USD bulls.

In addition to this, the uncertainty regarding the ECB's future rate hikes is contributing to limiting the EUR/USD pair. Analysts still have differing opinions about whether the ECB will raise rates for the 10th consecutive time amid high inflation or pause their historical tightening cycle due to worsening economic prospects in the Eurozone.

Therefore, before actively engaging in buying euros, it is advisable to await news that confirms these purchases.

For now, there are no fundamental economic confirmations for buying this pair.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.