#EURUSD @ 1.08104 : Hawkish ECB minutes and remarks by Lagarde could support the Euro – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD is wavering around 1.0800. Economists at ING expect to see some consolidation/further upside in the pair by the end of the week.
“ECB President Christine Lagard will speak in Davos today, and there is a good chance she will reiterate the ECB’s hawkish stance despite lower energy prices.”
“Dovish speculation should be further challenged by the release of the December 2022 ECB meeting minutes, as the details of the dissent to a ‘too conservative’ 50 bps hike should emerge, as well as guidance to ‘multiple’ 50 bps increases.”
“We expect to see some consolidation/further upside in EUR/USD by the end of the week when the pair could trade around 1.0850/1.0900.”
[/s2If]
Join Our Telegram Group
