EUR/USD slides below 1.0000 even as ECB policymakers trace Fed’s Powell, focus on US NFP – by anilpanchal7 EURUSD ECB Fed NFP Recession
Fed Chair Powell’s hawkish tone favored sellers, ECB policymakers’ signaled large rate hikes and challenged downside.Fedspeak, US PMIs and EU/German inflation can entertain traders ahead of Friday’s US NFP.begins the week on a negative note, after a two-week downtrend that refreshed the yearly low, taking offers to refresh intraday bottom around 0.9950 by the press time.
“Restoring price stability will take some time, require using central bank's tools 'forcefully',” said Fedduring his much-awaited Jackson Hole speech on Friday. The policymaker also stated that restoring price stability will likely require maintaining a restrictive policy stance for 'some time'. Elsewhere, doubts over the global central bankers’ ability to tame inflation, as well as increasing the odds of the recession, also exert downside pressure on the EUR/USD prices. US Senator Elizabeth Warren said on Sunday, per Reuters, that she was very worried that the Federal Reserve was going to tip the US economy into recession.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus \u2013 EUR/USD, GBP/USD, NZD/USD, Natural GasGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 29th, 2022 here.
Read more »
Weekly Forex Forecast - EUR/USD, GBP/USD, USD/JPY, AUD/USDStart the week of August 28, 2022 with our Forex forecast focusing on major currency pairs here.
Read more »
Trading Support and Resistance \u2013 EUR/USD, GBP/USDThe best support and resistance levels in major and minor Forex currency pairs for the week ahead commencing 28th August 2022.
Read more »
Stocks slide, dollar rises as Powell spooks markets By Reuters*U.S. STOCKS SLIDE, DOLLAR SOARS AFTER HAWKISH POWELL REMARKS -
Read more »
Fed's Powell Says Taming Inflation Could Lead to 'Some Pain' By Investing.com*FED'S POWELL SAYS TAMING INFLATION COULD LEAD TO 'SOME PAIN' -
Read more »
Markets whipsaw following Jerome Powell's hawkish speech at Jackson HoleCrypto prices swung on Friday as Fed chair Powell spoke about the pain of inflation.
Read more »