In this post I will mention what to expect in the week ahead?
MONETARY POLICY, FISCAL POLICY OF ECB AND FED
1- ECB (dovish, extended PEPP, modest inflation)
2- FED (recent dovish, withdrawing fiscal support, tapering talks, split on sooner than later to go hawkish)
FUNDAMENTAL KEY QUOTES AND ECONOMIC OUTLOOK
1- A new coronavirus wave may be forming in poorly vaccinated southern states, young people ending up in hospitals, delta spread across the country.
2- U.S. will likely fall short of its goal of getting 70% of adults a first Covid-19 shot by July 4.
3- EU is close to achieving its inoculation target, is planning ahead and has bought additional doses of Moderna's vaccine for 2022.
4- EU to restore movements, travel, despite more contagious variants, robust, sustainable recovery, easing tensions with the Mediterranean.
5- U.S. reached a tentative bipartisan deal with senators for a $579 billion infrastructure plan which will create millions of jobs.
what to expect in the week ahead?
- ACCORDING TO MONETARY POLICY, FISCAL POLICY OF ECB AND FED, THAT HAS THE BIGGEST EFFECT ON THE PAIR'S EXCHANGE RATE AND PRICE DIRECTION, I WOULD SAY THE PRICE RANGE IS EXPECTED TO BE (1.1950-1.1750), ANY ATTEMPT TO BREAK ABOVE (1.1990) IS EXPECTED TO FACE A REJECTION.
- ACCORDING TO FUNDAMENTALS AND ECONOMIC OUTLOOK, YES THERE IS A REASON TO RAISE EXCHANGE RATE TO (1.1850-1.2050), TO BREAK ABOVE 1.2000, BUT IT IS NOT EXPECTED TO HAPPEN, LIKELY NEEDS DATA CONFIRMATION.
- FOMC MEMBER WILLIAMS SPEAKS, WEDNESDAY CALENDAR DATA ARE EYED, AND MAY CHANGE PRICE DIRECTION.
- THIS PICTURE REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY -
MONETARY POLICY, FISCAL POLICY OF ECB AND FED
1- ECB (dovish, extended PEPP, modest inflation)
2- FED (recent dovish, withdrawing fiscal support, tapering talks, split on sooner than later to go hawkish)
FUNDAMENTAL KEY QUOTES AND ECONOMIC OUTLOOK
1- A new coronavirus wave may be forming in poorly vaccinated southern states, young people ending up in hospitals, delta spread across the country.
2- U.S. will likely fall short of its goal of getting 70% of adults a first Covid-19 shot by July 4.
3- EU is close to achieving its inoculation target, is planning ahead and has bought additional doses of Moderna's vaccine for 2022.
4- EU to restore movements, travel, despite more contagious variants, robust, sustainable recovery, easing tensions with the Mediterranean.
5- U.S. reached a tentative bipartisan deal with senators for a $579 billion infrastructure plan which will create millions of jobs.
what to expect in the week ahead?
- ACCORDING TO MONETARY POLICY, FISCAL POLICY OF ECB AND FED, THAT HAS THE BIGGEST EFFECT ON THE PAIR'S EXCHANGE RATE AND PRICE DIRECTION, I WOULD SAY THE PRICE RANGE IS EXPECTED TO BE (1.1950-1.1750), ANY ATTEMPT TO BREAK ABOVE (1.1990) IS EXPECTED TO FACE A REJECTION.
- ACCORDING TO FUNDAMENTALS AND ECONOMIC OUTLOOK, YES THERE IS A REASON TO RAISE EXCHANGE RATE TO (1.1850-1.2050), TO BREAK ABOVE 1.2000, BUT IT IS NOT EXPECTED TO HAPPEN, LIKELY NEEDS DATA CONFIRMATION.
- FOMC MEMBER WILLIAMS SPEAKS, WEDNESDAY CALENDAR DATA ARE EYED, AND MAY CHANGE PRICE DIRECTION.
- THIS PICTURE REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY -