empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

23.03.202310:23 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on March 23

A 25 basis point rate hike was announced by the Fed on Wednesday. However, investors already expected it, so nothing really changed in the markets.

It was after the speech of Jerome Powell that dollar started to decline as his statements gave an impression that the central bank does not really know what to do. Of course, the Fed chairman tried to reassure everyone and downplay the situation, but judging from the quotes, the markets did not believe him. It is quite clear that the unprecedented crisis in the banking sector took a toll on the bank, which is a very frightening idea.

Interest rate (US):

Exchange Rates 23.03.2023 analysis

UK inflation also surprised everyone as instead of slowing down, it accelerated once again. This gave some intrigue to today's Bank of England board meeting, in which it is likely that the refinancing rate will be increased by another 25 basis points. However, there could be hints of further tightening in subsequent comments, which will mean that by the end of the year, the interest rate level in the UK will be higher than in the US. This will push pound up, and with it, the euro.

Interest rate (UK):

Exchange Rates 23.03.2023 analysis

EUR/USD hit 1.0900 immediately after it broke down 1.0800. This indicates that the pair is recovering the losses it had in February. However, the movement was quite rapid, not to mention signals are pointing that euro is overbought. This could result in a technical pullback later in the week, unless the upward momentum persists in the market. In that case, the pair will will head towards the local high in the medium term.

Exchange Rates 23.03.2023 analysis

GBP/USD jumped above 1.2300, indicating once again that buyers are looking to rebound from February's slump. Stable price retention above this level will allow a subsequent rise to a local high in the medium term. However, in the way is the level of 1.2300, where a reduction of the volume of long positions may occur.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Mark Bom,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.