ڈالر کی بحالی کے بعد یورو دباؤ میں ہے۔

The euro is taking a pause after a massive fall on Wednesday. Currently, EUR/USD is trading at 1.1462, down 0.13%.

Euro slides as US CPI outperforms

US headline CPI in October came in at 6.2% y/y and core inflation rose 4.6%. This was well above the consensus of 5.9% and 4.3%, respectively. Inflation is red hot, as CPI hit its highest rate since November 1990 and core inflation at its highest since August 1991.

For the Federal Reserve, the sharp data means that its inflation headache has just gone up a notch. The US inflation report indicated that price rises were across the board (housing, energy, used cars), and don’t show any sign of cooling off. Inflation could continue its upswing in the coming months and perhaps punch above 7%. The Fed has stuck to its stance that inflation is transitory, but this narrative is looking out of sync with the inflation data.

Another important indicator is inflation expectations, which is carefully monitored by central banks since it can translate into actual inflation. The Fed has maintained its script that “longer-term inflation expectations remain well-anchored at 2 percent”, but this view is suspect, as a New York Fed survey found that 1-year consumer inflation expectations stand at 5.7%. With the US economy showing strong growth and inflation likely to remain high, the Fed may have to re-evaluate its rate policy closer to the markets, which have priced in several rate hikes in 2022.

Meanwhile, the ECB has remained in accommodative mode and ECB President Christine Lagarde has said that there are no plans to raise rates anytime soon. The ECB could be left behind as the Fed and other central banks look to tighten policy, especially with inflation continuing to rise. This could mean further headwinds for EUR/USD, which has dropped below 1.15 for the first time since July.

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EUR / USD تکنیکی

• 1.1618 اور 1.1669 پر مزاحمتی لائنیں ہیں۔
• EUR/USD is testing support at 1.1515. Below, we find support at 1.1463

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/20211111/euro-under-pressure-as-dollar-rebounds/