EURUSD under strong bearish pressure today after ECB governing council member Klaas Knot said the European central bank was monitoring the currency closely and the bank has room to cut its deposit rate further – to counter the appreciation of the euro. This is the first mention of the possibility of the rate cut from an ECB policymaker – a move that seemed highly unlikely until recently. This is putting immense pressure on euro. The pair is also pushed down by the wide scale dollar gains as the markets are waiting for comments from Federal Reserve Chair Jerome Powell, who is likely to reject any calls to taper down the bond-buying scheme amid on-going economic hardship in USA.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
EURUSD overview 27.01.2021
EURUSD crushed by central bank comments.
EURUSD under strong bearish pressure today after ECB governing council member Klaas Knot said the European central bank was monitoring the currency closely and the bank has room to cut its deposit rate further – to counter the appreciation of the euro. This is the first mention of the possibility of the rate cut from an ECB policymaker – a move that seemed highly unlikely until recently. This is putting immense pressure on euro. The pair is also pushed down by the wide scale dollar gains as the markets are waiting for comments from Federal Reserve Chair Jerome Powell, who is likely to reject any calls to taper down the bond-buying scheme amid on-going economic hardship in USA.
Expect sellers on upward corrections.
Next support to watch – 1.2105
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags