EUR/USD currency pair ka safar teesray hafta bhi upward trajectory par raha, aur Friday session ko thoda sa upar 1.0900 mark par khatam kiya. Ye late June mein dekhe gaye volatile lows se 2.3% ka bara izafa hai, jab pair 1.0666 par pohanch gaya tha. Halanki abhi ka bullish momentum undenaible hai, jab past barah trading days mein se gyarah din positive territory mein khatam hue, analysts ek possible slowdown ki umeed kar rahe hain. Pair ka recent ascent isey ek important technical resistance level ke nazdeek le aaya hai jo ke early June ka high 1.0920 hai, jahan se downward correction 200-day Exponential Moving Average (EMA) 1.0797 tak ho sakta hai. US wholesale Producer Price Index (PPI) inflation mein unexpected uptick ke bawajood, market sentiment dramatically Federal Reserve ke monetary policy easing ke haq mein shift ho gaya hai. Ye shift primarily Consumer Price Index (CPI) inflation mein pehle se hi slow down ki waja se hai. June PPI data expectations se zyada aaya, year-over-year increase 3.0% rahi, magar broader market narrative par zyada asar nahi dal saka.
Dusre economic indicators jo Friday ko release hue, US dollar par prevailing bearish outlook ko aur bhi reinforce karte hain. University of Michigan survey ke mutabiq consumer confidence, sat mahine ka low hai, jo ke American consumers ke economic trajectory ke bare mein barhte hue pessimism ko zahir karta hai. Halanki long-term inflation expectations 2.9% par elevated hain, woh thori si previous month forecast se ease hui hain. Market in developments ko digest karte hue, investors ab upcoming economic data releases par apni nazar rakh rahe hain. US retail sales figures, jo agle Tuesday ko release honge, ko closely watch kiya jayega. Wahan European traders European Central Bank ka interest rate decision jo agle Thursday early expected hai, par apni nazar rakhenge. Halanki ECB ne early June mein 25 basis point rate cut implement kiya tha, market consensus upcoming meeting mein ek cautious hold par hai.
Dusre economic indicators jo Friday ko release hue, US dollar par prevailing bearish outlook ko aur bhi reinforce karte hain. University of Michigan survey ke mutabiq consumer confidence, sat mahine ka low hai, jo ke American consumers ke economic trajectory ke bare mein barhte hue pessimism ko zahir karta hai. Halanki long-term inflation expectations 2.9% par elevated hain, woh thori si previous month forecast se ease hui hain. Market in developments ko digest karte hue, investors ab upcoming economic data releases par apni nazar rakh rahe hain. US retail sales figures, jo agle Tuesday ko release honge, ko closely watch kiya jayega. Wahan European traders European Central Bank ka interest rate decision jo agle Thursday early expected hai, par apni nazar rakhenge. Halanki ECB ne early June mein 25 basis point rate cut implement kiya tha, market consensus upcoming meeting mein ek cautious hold par hai.
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