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Week Ahead September 23rd – 27th

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Week Ahead September 23rd – 27th

EURUSD pair closed last week’s trading session higher on US Dollar selloff after FED cut interest rates by 0.5% as it was widely expected. After many days of range trading, finally the pair traded higher as markets continue to priced-in the intertest rate cut. Although it was expected the 0.5%, markets continue to priced-in the future interest rate cuts that will finally stabilize at 3.4% by end of 2025. From the European side, ECB’s president Lagarde maintained a hawkish tone, highlighting that any future interest rate cut will need to wait until more economic catalyst will be evaluated. This widen the divergence between the two central banks keeping the pair higher.

As for this week, traders and investors will mainly focus on the economic calendar with the main economic catalyst the US personal consumption expenditures. FED’s officials are due to speak during the week and they may provide more guidance on FED’s future interest rate path.

On the economic calendar we have on Monday, European Services PMI pointing at 52.9 and US Services PMI at 55.7 On Thursday, US gross domestic product expected at 3% durable goods orders -2.8% On Friday, US core personal consumption expenditure to remain unchanged at 0.2%

Technically the picture is positive after last week’s close higher and just below (0%) at 1.1163 In this week’s trading session if pair trades on the upside will test 1.1200 If trades on the downside will test 1.1058 (23.6%) Our traders are keeping open their short positions starting from 1.0870 to 1.1186 targeting profits at 1.0800 We are expecting more aggressive short positions on the way up and new long positions at 1.1000

 

欧洲货币基金组织技术报告2

 

GBPUSD pair closed last week’s trading session higher on US Dollar selloff after FED cut interest rates by 0.5% as it was widely expected. Although it was expected the 0.5%, markets continue to priced-in the future interest rate cuts that will finally stabilize at 3.4% by end of 2025. From the UK side, BOE kept interest rates unchanged as it was widely expected. BOE MPs maintained a hawkish tone, voting for no more interest rate cuts. This widen the divergence between the two central banks keeping the pair higher.

As for this week, traders and investors will mainly focus on the economic calendar with the main economic catalyst the US personal consumption expenditures. FED’s and BOE’s officials are due to speak during the week and they may provide more guidance on both central banks’ future interest rate policy.

On the economic calendar we have on Monday, UK Services PMI pointing at 52.5 and US Services PMI at 55.7 On Thursday, US gross domestic product expected at 3% durable goods orders -2.8% On Friday, US core personal consumption expenditure to remain unchanged at 0.2%

Technically the pair’s overall picture is positive after last week’s close higher just below  (0%) at 1.33318 As for this week, if pair trades on the upside, will test 1.3400 Alternative, if trades on the downside, will test 1.3182 (23.6%) Our traders keeping open their short positions starting from 1.2870 to 1.3337 targeting profits at 1.2800 We are expecting more aggressive short positions on the way up and new long positions starting at 1.3182

 

巴比伦技术电话2

 

更详细的经济日历事件,请访问我们的实时经济日历。 

https://tentrade.com/economic-calendar/

*本资料不包含任何金融工具的交易要约或招揽。TenTrade对任何使用这些评论的行为以及由此产生的任何后果不承担任何责任。 没有代表 对这些信息的准确性或完整性不做任何保证。因此,任何根据这些信息行事的人完全是在 自己的风险.差价合约是杠杆产品。差价合约交易可能不适合每个人,并可能导致你失去所有的投资资本,所以请确保你完全了解其中的风险。

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