Fundamental analysis: As you can see CPI and Core CPI news were positive, next inflation for USA must be around 8.60% for next month, I think Feds has another rising interest rates 50bps or 75bps: 3.75% or 4% on 2Novemeber, demand for USD will be more on the market and this can effect all opposite assets continue the bearish movements:
most of the economic indicators are negative too like PPI, PMI, Unemployment rates.. etc >>>>> We must have another negative GDP once again.... US bonds is still bearish
EUR: all indicators economic are still negative, CPI and PPI are still rising, Inflation is still up to 10%, we must have another rise interest rates by ECB
Technical analysis: Price couldn't break the 0.98 resistance, I think price can back to LL again 0.95400 area or lower on long term...
Please share your idea on the comment
don't forget to like
most of the economic indicators are negative too like PPI, PMI, Unemployment rates.. etc >>>>> We must have another negative GDP once again.... US bonds is still bearish
EUR: all indicators economic are still negative, CPI and PPI are still rising, Inflation is still up to 10%, we must have another rise interest rates by ECB
Technical analysis: Price couldn't break the 0.98 resistance, I think price can back to LL again 0.95400 area or lower on long term...
Please share your idea on the comment
don't forget to like
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.
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.