Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.10553 with take profit at 1.10812.
Bearish Preference:
Sell position is envisaged if price trades below 1.10061 with take profit at 1.096651
Fundamentals:
1:45pm EUR Main Refinancing Rate EUR Monetary Policy Statement
2:30pm EUR ECB Press Conference
USD CPI m/m
USD Core CPI m/m
USD Unemployment Claims
11:15pm AUD RBA Gov Lowe Speaks
Comment:
The economic damage from a prolonged war in Ukraine could be worse than that from the pandemic, Volkswagen (DE:VOWG_p) Chief Executive Herbert Diess warned in an interview published Thursday. “The threat of this war for Germany and Europe is huge,” Diess told the Financial Times, pointing to the risk of “huge price increases, scarcity of energy and inflation.” Such fears have already been reflected in a sharp drop in the euro’s value since Russia invaded, as market participants bet that the hit to the economy would derail the European Central Bank’s plans to normalize monetary policy as the pandemic ebbs.
Analysis: SCRUM Team
