Upsides of Social Media Marketing New Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with… EURUSD is losing 1.9% from Wednesday’s peak to a five-month low at 1.0650. US inflation data and ECB comments highlight the divergence of Fed and ECB monetary policy .
The pressure on the key currency market pair comes from several directions at once. On the US side, markets have continued to receive pro-inflationary data since the beginning of the month: acceleration in manufacturing activity, strong new job growth, and stronger CPI acceleration than expected. This data continued to push back the date of the expected Fed’s rate cut and the number of these moves.
The EURUSD dynamics during this week emphasise the serious bearish bias in the pair. The pair crossed the 50- and 200-day moving averages in a sharp move on Wednesday and closed well below them. Neither on Thursday nor on Friday did the Euro make any noticeable attempts to rebound.
Social Media Marketing Web Hosting Affordable Hosting Solutions EURUSD Monetary Policy Inflation Data ECB Fed Divergence Bearish Bias
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