Euro / U.S. DollarShort
EURUSD Insight
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Key Points
- The Bank of England cut its benchmark interest rate by 25 basis points, with some policymakers advocating for a bigger cut.
- U.S. nonfarm payrolls for January increased by 143,000, falling short of the market expectation of 170,000. The January unemployment rate came in at 4.0%, lower than the market estimate of 4.1%. The market still views the labor market as strong.
- Former U.S. President Trump stated that reciprocal tariff discussions would take place on Monday or Tuesday following the U.S.-Japan summit. Speaking to reporters aboard his private jet en route to New Orleans for the Super Bowl on the 9th, he announced plans to impose a 25% tariff on all steel and aluminum imports into the U.S.
Key Economic Events This Week
+ Feb 10: New York Fed 1-year inflation expectations
+ Feb 11: Fed Chair Powell's speech
+ Feb 12: U.S. January CPI, Fed Chair Powell's speech
+ Feb 13: U.K. Q4 GDP, Germany January CPI, U.S. January PPI
+ Feb 14: U.S. January retail sales
EUR/USD Chart Analysis
The pair has been facing resistance around the 1.04500 level, leading to a continued downtrend. Repeated failures to break above resistance suggest further declines ahead. In the medium to long term, a drop toward the 1.00500 level, near parity, is expected.
However, if the price rises to 1.06000, the medium- to long-term trend would shift to an uptrend, prompting a quick adjustment in strategy.
I’m glad to have you all here. Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The Bank of England cut its benchmark interest rate by 25 basis points, with some policymakers advocating for a bigger cut.
- U.S. nonfarm payrolls for January increased by 143,000, falling short of the market expectation of 170,000. The January unemployment rate came in at 4.0%, lower than the market estimate of 4.1%. The market still views the labor market as strong.
- Former U.S. President Trump stated that reciprocal tariff discussions would take place on Monday or Tuesday following the U.S.-Japan summit. Speaking to reporters aboard his private jet en route to New Orleans for the Super Bowl on the 9th, he announced plans to impose a 25% tariff on all steel and aluminum imports into the U.S.
Key Economic Events This Week
+ Feb 10: New York Fed 1-year inflation expectations
+ Feb 11: Fed Chair Powell's speech
+ Feb 12: U.S. January CPI, Fed Chair Powell's speech
+ Feb 13: U.K. Q4 GDP, Germany January CPI, U.S. January PPI
+ Feb 14: U.S. January retail sales
EUR/USD Chart Analysis
The pair has been facing resistance around the 1.04500 level, leading to a continued downtrend. Repeated failures to break above resistance suggest further declines ahead. In the medium to long term, a drop toward the 1.00500 level, near parity, is expected.
However, if the price rises to 1.06000, the medium- to long-term trend would shift to an uptrend, prompting a quick adjustment in strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.