یورو 4 ماہ کی کم ترین سطح پر آ گیا۔

The euro’s downswing continues, as the currency is down for a fifth straight day. Currently, EUR/USD is trading at 1.1341, down 0.22%. Earlier in the day, the euro fell to 1.1328, its lowest level since July 20^th.

Lagarde says no rate hike before 2023

The ECB does not have any plans to raise interest rates, but the bank has signalled that it will wind up the pandemic asset purchases in March, and last week, ECB member Robert Holzmann urged the ECB to wind up its conventional bond purchase scheme. However, ECB President Christine Lagarde continues to push back on calls to tighten policy, and said on Monday that such measures “could cause far more harm than it would do any good” and said she could not envision a rate hike before 2023. Lagarde admitted that inflation will be higher and last longer than anticipated, but insisted that it will cool off in 2022, so any tightening would take effect just as inflation moderated on its own.

In the other corner of the ring, the head of Deutsche Bank, Christian Sewing took issue with Langarde’s stance on interest rates and inflation. Sewing said that he disagreed that inflation was transient, adding that the policy of low interest rates had “lost its effect”, and called for central banks to tighten policy and take measures against surging inflation.

In the US, retail sales rose in October by 1.7% m/m, the highest level in seven months. This was up from 0.8% in September. Core retail sales also rose 1.7%, up from 0.7% a month earlier. Both readings were higher than expected and indicated that US consumers were in spending mode even with inflation running at its fastest clip in some 30 years. With the labor market gaining strength and the pandemic situation improving, we can expect consumer spending to continue to be strong in the fourth quarter.

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 EUR / USD تکنیکی

• 1.1320 is under pressure in support. This is followed by 1.1207
• 1.1382 ایک کمزور مزاحمت لائن ہے۔ اوپر ، 1.1557 پر مزاحمت ہے
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یہ مضمون صرف عام معلومات کے مقاصد کے لیے ہے۔ یہ سرمایہ کاری کا مشورہ یا سیکیورٹیز خریدنے یا بیچنے کا حل نہیں ہے۔ آراء مصنفین ہیں؛ ضروری نہیں کہ OANDA کارپوریشن یا اس کے کسی ملحقہ، ماتحت اداروں، افسران یا ڈائریکٹرز کا ہو۔ لیوریجڈ ٹریڈنگ زیادہ خطرہ ہے اور سب کے لیے موزوں نہیں ہے۔ آپ اپنے جمع کردہ تمام فنڈز کھو سکتے ہیں۔

ایک انتہائی تجربہ کار مالیاتی مارکیٹ تجزیہ کار جو بنیادی تجزیہ پر توجہ مرکوز کرتا ہے، کینتھ فشر کی روزانہ کی کمنٹری فاریکس، ایکوئٹیز اور کموڈٹیز سمیت مارکیٹوں کی ایک وسیع رینج کا احاطہ کرتی ہے۔ ان کا کام کئی بڑی آن لائن مالیاتی اشاعتوں میں شائع ہوا ہے جس میں Investing.com، Seeking Alpha اور FXStreet شامل ہیں۔ اسرائیل میں مقیم، کینی 2012 سے مارکیٹ پلس کا تعاون کرنے والا ہے۔

کینی فشر کی تازہ ترین پوسٹس (تمام دیکھ)

Source: https://www.marketpulse.com/20211116/euro-under-pressure/