EUR/USD ka girna ab ruk sakta hai aaj ke US CPI inflation data aur Thursday ke European Central Bank (ECB) ke rate faislay se pehle, chahe is ne haal hi mein mushkilat ka samna kiya ho aur Eurozone ke itnay achay data nahi aaye. US dollar CPI report se pehle thora kamzor ho gaya jab polls ne dikhaya ke Harris ne pehle presidential debate mein Trump ko outperform kiya. EUR/USD ne wapis bounce back kiya jabke usne hafte ka aghaz kamzor surat mein kiya, jab Friday ka dip dekha gaya, lekin US jobs ke kamzor news bhi US dollar ko aur zyada girane ke liye kaafi nahi the.
Haal hi mein EUR/USD kyun mushkilat ka shikar raha?
Is hafte ke economic calendar ke shuruat mein aram ne dollar ko takreeban tamam badi currencies ke khilaf kuch support dila diya, siwaye yen ke, jisne EUR/USD par niche ka dabao dala. Ye Friday ke girawat ke baad hua jab latest US employment data ne Fed ke employment mein kamzori ke khauf ko tasdeeq kiya.
Fed ke chairman ne pehle hi August mein yeh confirm kar diya tha ke September se interest rates mein kami aayegi, is liye jobs report itni kamzor nahi thi ke investors ko 50 basis point cut ka andaza ho. Is wajah se dollar mein halki recovery hui. Friday ki soft jobs report ne rate markets mein pehle to halchal machai, lekin phir sentiment aur ehtiyat par shift ho gaya, aur aglay FOMC meeting ke liye 25 basis point cut ki umeed barh gayi.
Lekin ab umeedain barh rahi hain ke is saal ke baad aur aglay saal ke shuruat mein aur zyada aggressive rate cuts ho sakte hain, khaaskar ek Fed official ne “frontloading” ko kam karne ka mashwara diya hai. Lekin US ke kamzor data, girti hui oil prices, aur dovish Fed turn ke bawajood, EUR/USD ka forecast abhi bhi thora bullish hai jab tak ke is hafte ke aane wale macro events mein koi bara surprise na ho. Hum baat kar rahe hain aaj ke latest US inflation report aur kal ke ECB ke rate faislay ki. Pichlay hafte ke jobs data ke baad, mein abhi bhi CPI release se pehle dollar ke bare mein bearish hun. Market rate cut ki size par tafreeq mein hai, aur koi clear consensus nahi hai. Fed, jo aglay hafte apni meeting mein dollar ko ziada hilne se rokna chahta hai, umeed kar raha hoga ke is hafte ka inflation data market uncertainty ko settle karne mein madadgar hoga.
Jabke US CPI Fed ke target ke qareeb aa raha hai, Powell pehle hi is baat ka ishara de chuke hain ke September 18 FOMC meeting mein rate cuts ka tasdeeq karenge. Ye CPI report is meeting se pehle aakhri bara data point hoga jo policymakers ko guide karega ke 50 basis point cut karna hai ya aam 25 basis point ke sath rehna hai.
Is liye, yeh report kafi tawajju hasil kar sakti hai, khaaskar agar numbers expectations se kaafi alag niklay. Inflation chaar mahine tak silsilewar slow hui hai, aur July mein 2.9% year-on-year tak pohanch gayi, jo March 2021 ke baad sab se kam hai. Umeed ki ja rahi hai ke August mein yeh mazeed kam hoke 2.6% ho jayegi, jabke core CPI ko 3.2% par stable rehne ki umeed hai year-on-year comparison mein.
ECB ka rate faisla kafi bara hoga. Ab tak, analysts is baat par mutafiq lag rahe hain ke ECB eurozone ki kamzor economy ke jawab mein rate cuts mein taizi nahi karega. June mein 25 basis points cut ke baad, umeed hai ke ECB Thursday ko ek aur aisi cut announce karega.
Haal hi mein EUR/USD kyun mushkilat ka shikar raha?
Is hafte ke economic calendar ke shuruat mein aram ne dollar ko takreeban tamam badi currencies ke khilaf kuch support dila diya, siwaye yen ke, jisne EUR/USD par niche ka dabao dala. Ye Friday ke girawat ke baad hua jab latest US employment data ne Fed ke employment mein kamzori ke khauf ko tasdeeq kiya.
Fed ke chairman ne pehle hi August mein yeh confirm kar diya tha ke September se interest rates mein kami aayegi, is liye jobs report itni kamzor nahi thi ke investors ko 50 basis point cut ka andaza ho. Is wajah se dollar mein halki recovery hui. Friday ki soft jobs report ne rate markets mein pehle to halchal machai, lekin phir sentiment aur ehtiyat par shift ho gaya, aur aglay FOMC meeting ke liye 25 basis point cut ki umeed barh gayi.
Lekin ab umeedain barh rahi hain ke is saal ke baad aur aglay saal ke shuruat mein aur zyada aggressive rate cuts ho sakte hain, khaaskar ek Fed official ne “frontloading” ko kam karne ka mashwara diya hai. Lekin US ke kamzor data, girti hui oil prices, aur dovish Fed turn ke bawajood, EUR/USD ka forecast abhi bhi thora bullish hai jab tak ke is hafte ke aane wale macro events mein koi bara surprise na ho. Hum baat kar rahe hain aaj ke latest US inflation report aur kal ke ECB ke rate faislay ki. Pichlay hafte ke jobs data ke baad, mein abhi bhi CPI release se pehle dollar ke bare mein bearish hun. Market rate cut ki size par tafreeq mein hai, aur koi clear consensus nahi hai. Fed, jo aglay hafte apni meeting mein dollar ko ziada hilne se rokna chahta hai, umeed kar raha hoga ke is hafte ka inflation data market uncertainty ko settle karne mein madadgar hoga.
Jabke US CPI Fed ke target ke qareeb aa raha hai, Powell pehle hi is baat ka ishara de chuke hain ke September 18 FOMC meeting mein rate cuts ka tasdeeq karenge. Ye CPI report is meeting se pehle aakhri bara data point hoga jo policymakers ko guide karega ke 50 basis point cut karna hai ya aam 25 basis point ke sath rehna hai.
Is liye, yeh report kafi tawajju hasil kar sakti hai, khaaskar agar numbers expectations se kaafi alag niklay. Inflation chaar mahine tak silsilewar slow hui hai, aur July mein 2.9% year-on-year tak pohanch gayi, jo March 2021 ke baad sab se kam hai. Umeed ki ja rahi hai ke August mein yeh mazeed kam hoke 2.6% ho jayegi, jabke core CPI ko 3.2% par stable rehne ki umeed hai year-on-year comparison mein.
ECB ka rate faisla kafi bara hoga. Ab tak, analysts is baat par mutafiq lag rahe hain ke ECB eurozone ki kamzor economy ke jawab mein rate cuts mein taizi nahi karega. June mein 25 basis points cut ke baad, umeed hai ke ECB Thursday ko ek aur aisi cut announce karega.
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