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Fundamental Analysis
Fundamental updates by Solid ECN
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[QUOTE="SOLIDECN, post: 214548, member: 80239"] [JUSTIFY][img]https://i.ibb.co/VJcb5ST/800x80.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]Euro Climbs Amid Forecasts about European Rates[/JUSTIFY][/HEADING] [JUSTIFY]Euro rose in European trade against a basket of major rivals, away from week lows against dollar on prospects the European Central Bank might hike interest rates by 75 basis points for the third time in a row in December. The dollar lost ground ahead of the Federal Reserve's policy meeting later today, expected to announce its decisions tomorrow with a 0.75% rate hike to interest rates. [img]https://i.ibb.co/z5ZHkC5/eurusd-n.png[/img] [/JUSTIFY] [LIST] [*][JUSTIFY]EURUSD rose 0.6% to 0.9938, after falling 0.9% yesterday, plumbing week lows at 0.9872 as US treasury yields surge.[/JUSTIFY] [*][JUSTIFY]Euro rose 0.8% on October, the first monthly profit in five months as the ECB finally moved aggressively to control record inflation. [/JUSTIFY] [/LIST] [HEADING=1][JUSTIFY]European Rates[/JUSTIFY][/HEADING] [JUSTIFY]Europe's consumer prices rallied 10.7% in October, a record high, passing estimates of 9.9%, and up from 9.9% in September. As inflation hits double digits in Europe, analysts expect the ECB to raise interest rates by 75 basis points for the third time in a row in December. ECB President Christine Lagarde already warned from the record inflation rates all over the euro zone, noting the bank hasn't reached its targets yet with prices. [img]https://i.ibb.co/6bWFPQJ/gbpusd-n.png[/img] [/JUSTIFY] [HEADING=1][JUSTIFY]The Dollar[/JUSTIFY][/HEADING] [JUSTIFY]The dollar index fell over 0.5% on Tuesday on track for the first loss in four sessions against a basket of major rivals. Investors await the Federal Reserve's policy meeting later today, expected to announce its decisions tomorrow with a 0.75% rate hike to interest rates. [img]https://i.ibb.co/qg1ph1y/DXY-2022-11-01-12-05-58.png[/img][/JUSTIFY] [/QUOTE]
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