EUR/USD 2023 Outlook: The Euro's reversal vs. a return to parity
in the coming months should reduce expectations of a rate hike for the central bank concerned. Conversely, if central bank action does not appear to be sufficient to bring inflation back toward its target, rate expectations could rise.
The war in Ukraine is also a potential double-edged"wild card" that should not be overlooked. A possible end to the conflict in 2023 could be a powerful bullish factor for EUR/USD. The 50-day moving average crossing above the 200-day moving average is a major bullish technical signal known as a"golden cross". The last time this signal was recorded, at the end of June 2020, the EUR/USD subsequently recorded a gain of about 1150 pips in the following 6 months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil outlook 2023: Russian output set to drop, prices to soar past $100Putin faces a tough 2023 for Russian oil as the West's ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
Read more »
2022's Top Crypto Events, and the 2023 Crypto Outlook: Drama, Contagion and Hope | Investing.comMarket Analysis by Investing.com (Günay Caymaz/Investing.com) covering: BTC/USD, ETH/USD - Ethereum US Dollar, CEL/USD, LUNAt/USD. Read Investing.com (Günay Caymaz/Investing.com)'s Market Analysis on Investing.com
Read more »
EUR/USD sees more upside above 1.0700 ahead of German InflationThe EUR/USD pair turned sideways near the round-level resistance of 1.0700 after a decent rally. The major currency pair is expected to display resump
Read more »
EUR/USD Price Analysis: Stays defensive above 1.0690 resistance-turned-supportEUR/USD Price Analysis: Stays defensive above 1.0690 resistance-turned-support EURUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »
EUR/USD starting to gain positive traction – Societe GeneraleSociete Generale analysts note that markets are pricing in a 3.5% European Central Bank (ECB) terminal rate following hawkish comments. EUR/USD is sta
Read more »
EUR/USD portrays tepid start to 2023 after a volatile year, ECB vs. Fed talks, US NFP eyedEUR/USD treads water around the 1.0700 threshold amid holidays in the global markets during early Monday. In doing so, the major currency pair struggl
Read more »