💶 The current situation on the financial markets is such that everyone is aware that a recession is coming, but no one can say how big it will be and what its nature will be.
💶 Most Central Banks are ready to raise rates to prevent prevailing inflation.
💶 It is worth bearing in mind that a significant part of inflation is energy price increases related to the tense global situation.
💶 Overnight indexed swaps for the Eurozone are currently pricing in an 85% chance of a 75 percentage point rate hike later this month (100% chance of a 25 percentage point hike and 100% chance of a 50 percentage point hike).
💶 Currently, the market is pricing future rate hikes as highly likely.
💶 In recent days, the dollar began a continuation of the uptrend after we heard on the war front that tensions of the Ukrainian-Russian conflict had increased after a series of missile attacks on Ukrainian cities that was supposed to be in retaliation for the bombing of a bridge connecting Russia to the Crimean Peninsula.
💶 This week there will be no significant data from the Eurozone, investors will be mainly focused on data from the U.S., including Wednesday's FOMC minutes meeting and Thursday on inflation.
💶 As for the EUR/USD pair, it should be borne in mind that we are already well below parity and last week's Tuesday attempt to attack parity ended with the Euro falling against the dollar.
💶 Also on the horizon is the approaching winter which will be one of the biggest challenges in the energy management category that Europe has faced in years.
💶 For the time being, there are no clear-cut solutions to the issue of energy governance in Europe, Friday's meeting in Prague regarding the proposal to impose a cap on the wholesale price of gas did not produce any concrete results
💶 Looking at the technical side of the analysis, the view of the falling star formation on the weekly interval on last week closing candle, is not a positive one.
💶 We can also see the same pullback with a long body at the top on the monthly candle.
💶 Tuesday's candle closing was also made after a slide from higher levels leaving a large body at the top.
💶 Looking ahead, we are likely to see an attack on the recent low in the coming days and there is a good chance of seeing new lows in the future.
🚀 If you like my analysis leave a like and follow my profile 🚀
Заметка
EUR/USD accumulates before breakout, worth watching!
Заметка
The fight continues, after yesterday's rebound we continue the downward implosion on wall street.
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.