Jab European trading session ka aaghaz hota hai Friday ke din, toh currency pair ka trading activity 1.1005 level ke aas paas kaafi solid rehti hai, jo ke rozana ke fayde ke silsile ko khatam kar deti hai. US Dollar dheere dheere mazboot ho raha hai kyunki market ke log ECB (European Central Bank) ke aaj ke bohot hi ahem monetary policy meeting se pehle ihtiyat se kaam le rahe hain. Investors US ki aham economic data releases ka bhi intezar kar rahe hain, jin mein weekly Initial Jobless Claims aur Philly Fed Manufacturing Index shamil hain.
Aane wali ECB rate decision forex traders ka primary focus hai. General expectation yeh hai ke ECB current interest rates ko maintain karega, chunanche June mein ek quarter-point rate cut hua tha. Halaat mein koi foran tabdeeli ki umeed nahi hai, magar traders ECB President Christine Lagarde ke speech se kisi bhi change ya policy adjustments ke hints lene ki koshish karenge. US rate markets ne September 18 ko hone wale FOMC (Federal Open Market Committee) meeting mein quarter-point rate cut ka almost full price in kar liya hai. CME ke FedWatch Tool ke mutabiq, September mein rate cut ki 98% probability hai.
Yeh currency pair lagatar upward trajectory par hai jab se late July mein yeh 1.0710 ke aas paas ke low tak pohoch gaya tha. Ab yeh 18-week ka high choo chuka hai jo ke 1.1048 ke qareeb hai, jahan isne ek declining channel ke upper bound ko break kiya hai. Magar, bearish pressure ke barhne ke sath, yeh pair 50-day Exponential Moving Average tak wapas ja sakta hai jo ke 1.0995 par hai. Wednesday ke trading session mein, pair ne apne recent range ke upper end ko briefly touch kiya, jo ke midweek session mein solid performance dikhata hai. Agar buyers is momentum ko maintain karte hain, toh yeh pair apni chauthi consecutive week of gains secure karne ke liye tayaar hai.
Aane wali ECB rate decision forex traders ka primary focus hai. General expectation yeh hai ke ECB current interest rates ko maintain karega, chunanche June mein ek quarter-point rate cut hua tha. Halaat mein koi foran tabdeeli ki umeed nahi hai, magar traders ECB President Christine Lagarde ke speech se kisi bhi change ya policy adjustments ke hints lene ki koshish karenge. US rate markets ne September 18 ko hone wale FOMC (Federal Open Market Committee) meeting mein quarter-point rate cut ka almost full price in kar liya hai. CME ke FedWatch Tool ke mutabiq, September mein rate cut ki 98% probability hai.
Yeh currency pair lagatar upward trajectory par hai jab se late July mein yeh 1.0710 ke aas paas ke low tak pohoch gaya tha. Ab yeh 18-week ka high choo chuka hai jo ke 1.1048 ke qareeb hai, jahan isne ek declining channel ke upper bound ko break kiya hai. Magar, bearish pressure ke barhne ke sath, yeh pair 50-day Exponential Moving Average tak wapas ja sakta hai jo ke 1.0995 par hai. Wednesday ke trading session mein, pair ne apne recent range ke upper end ko briefly touch kiya, jo ke midweek session mein solid performance dikhata hai. Agar buyers is momentum ko maintain karte hain, toh yeh pair apni chauthi consecutive week of gains secure karne ke liye tayaar hai.
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