empty
 
 
13.03.2023 09:33 AM
EUR/USD: price bounces upward

This image is no longer relevant

EUR/USD

Euro climbed upwards despite expectations of a Fed rate hike.

Many were counting on a price decline as Fed Chairman Jerome Powell insisted on a hawkish stance, talking about the Fed's intention to raise rates harder and faster. However, such a move was not sustained.

Now, the market expects the ECB to pursue a 0.5% rate hike next Thursday.

There could be moves as early as tomorrow because ahead is the US CPI inflation report for March.

Nevertheless, the forecast is still the same, that is, euro will rise to the target level of 1.1000.

Keep buying from 1.0530.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback