EURO PRICE OUTLOOK FOCUSED ON INFLATION DATA AS ECB MEETING APPROACHES
- EUR value motion shall be entrance and heart throughout Tuesday’s buying and selling session with EU inflation knowledge for December due for launch at 10:00 GMT
- The Euro has staged a notable rebound since its October 2019 swing low as Eurozone CPI measures present indicators of ticking greater
- Learn extra on the European Central Bank and the way ECB financial coverage can affect the Euro
Anticipated currency volatility within the Euro is leaping forward of upcoming Eurozone inflation knowledge, which is ready to cross the wires Tuesday, January 07 at 10:00 GMT.
In truth, EUR/USD, EUR/GBP, EUR/JPY, EUR/AUD, EUR/CAD, EUR/NZD and EUR/CHF in a single day implied volatility readings have been all simply clocked above their respective 5-day averages.
This implies that Euro foreign exchange merchants will doubtless pay shut consideration to Eurozone CPI knowledge on deck seeing that it’ll doubtless weigh on monetary policy steerage from the ECB later this month.
EURO CURRENCY INDEX PRICE CHART: DAILY TIME FRAME (MAY 2019 TO JANUARY 2020)
Chart created by @RichDvorakFX with TradingView
EUR value motion has risen roughly 3% on stability since bottoming October final 12 months as measured by efficiency within the EXY Euro Forex Index – a generally referenced benchmark of main Euro foreign money pairs.
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