Minutes from the latest ECB meeting have just been released. Large number of policymakers believe that the current level of high inflation calls for immediate further steps towards policy normalisation. It was argued that for all practical purposes, three forward guidance conditions have been met. Central bankers believe that a longer period of above-target inflation would lead to increased risk of upward de-anchoring, therefore ECB could no longer afford to look through higher inflation. Central bank believes APP purchases had by now fulfilled its stated objective.
EURUSD is trading lower today and however ECB minutes provided some fuel for bulls. The main currency pair may be heading towards a short-term resistance zone in the 1.0935 area. Source: xStation5
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth
This 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.
