EUR – The euro strengthened for a third straight session on Tuesday, supported by a Reuters report that suggested the ECB is a bigger-than-expected 50 basis point hike at their meeting on Thursday, in an effort to tame record-high inflation.
Despite the EUR-positive report, Action Economic warns: “If Lagarde doesn’t deliver, or doesn’t deliver as much as traders are hoping for, parity is likely to be taken out lastingly.”
Additionally, HSBC argues: “this bounce is likely to prove short-lived and should provide better entry levels for short euro positions.”
Despite the EUR-positive report, Action Economic warns: “If Lagarde doesn’t deliver, or doesn’t deliver as much as traders are hoping for, parity is likely to be taken out lastingly.”
Additionally, HSBC argues: “this bounce is likely to prove short-lived and should provide better entry levels for short euro positions.”
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.