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EUR/USD 2/6 - 2/10
Euro / U.S. Dollar
Long
EUR/USD 2/6 - 2/10
By UxFxO
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Feb 5, 2023
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Feb 5, 2023
EUR Bullish
Monetary Policy : ECB signals consistent 50bp hikes ahead
Data : EZ PMIs dip into contraction territory but ZEW and IFOs beat
Politics & General Outlook : Bundesbank says Germany could avoid recession. ECB signals commitment to 50bp hike
USD Bearish
Monetary Policy : Fed signals smaller hikes ahead after Dec meeting
Data : CPI was weaker than expected but non-farm payrolls and retail sales were very strong
Politics & General Outlook : Broadly lower US data from NFP to CPI and retail sales. Fed rate hike only 25bp
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