EURUSD rebounds along with rising TNOTE ahead of the key events of the week
EURUSD pair is clearly rebounding moments before the ECB decision on interest rates and the QE program as well as inflation data from the United States. The ECB's decision will take place at 12:45 pm BST, while the US CPI inflation and the ECB conference at 13:30 pm BST. In the case of the ECB, no changes are expected, but the discussion about limiting the QE program may begin. In the case of US inflation data, the reading is expected at 4.7% YoY compared to previous month 4.2%, although some analysts expect reading around 5.0%.
EURUSD pair moves towards 1.2200 along with rising TNOTE, which means lower yields. TNOTE could theoretically react sharply to high inflation figures. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
