在线客服
- QQ客服
- 服务热线
Telegram @phpnbnb
- 微信扫码联系
Service hotline：Telegram @phpnbnb
Eurozone energy problems intensify
EUR/USD fell sharply by 1.45% yesterday to 1.0033, its lowest level since late 2002, and was at 1.0005 at one point, not far from parity.
As the Nord Stream 1 enters a 10-day annual maintenance from July 11, the market's fears that Russia may shut down its natural gas pipeline indefinitely has been a major factor driving the continued weakness of the euro.
If Nord Stream 1 does go out of service as feared by the market following the end of maintenance on July 21, European gas could continue to rise exponentially, further adding to inflationary pressures in Europe.
In addition, Europe faces massive gas shortages that could prompt authorities to impose fuel rationing and, in the worst case, brief plant closures to reduce energy consumption ahead of winter, a move that will pave the way for a possible deep recession flat road.
EUR/USD is likely to continue to weaken until the market learns more about Russia's next plans. At the same time, the US June inflation data to be released this Wednesday may make the EUR/USD worse. In the context of the continued surge in gas station prices in early June, the US inflation rate in June may increase to 9% year-on-year.
Further upward inflation data will undoubtedly provide sufficient reasons for the Fed to raise interest rates by 75 basis points at the end of July, which will continue to widen the monetary policy differences between the European Central Bank and the Federal Reserve. Will remain strong, EUR/USD falling below parity is a high probability event.
EUR/USD technical analysis
EUR/USD has fallen to a near 20-year low, and it is necessary to look for key technical levels on the monthly chart. Although there is currently no relevant support near the price, parity may be a potential lower limit.
If prices accelerate below this level, EUR/USD could slide to around 0.9625 (January 2001 high) in the third quarter. On the other hand, if the bulls come back and push the move back, initial resistance area is around 1.0350 (January 2017 low) and then 1.0665 (March 2020 low).
17
2022-05描述描述描述描述描述
DETAILS2022-05-1723
2022-09⚠️"New MT Trading System" is online
DETAILS2022-09-2306
2022-10Mt4/5 white standard construction + main standard operation and maintenance + CRM customization (all kinds of standards are available)
DETAILS2022-10-0617
2022-08The global economy is still on the road of strong recovery from the epidemic crisis, which is good news before 2022. Less gratifying is that as governments implement new restrictions to cope with the emergence of new variants, the cycle in the coming months will be bumpy, and rising inflation will lead to differences in monetary policy, which may disrupt market order.
DETAILS2022-08-1714
2022-09MT4 rent, MT4 build, MT4 white label, MT4 cracked version, foreign exchange CRM system, MT5 build, MT5 rent, MT5 white label, MT5 cracked version, Tiante technology can help you easily
DETAILS2022-09-1401
2022-09MT4 rent, MT4 build, MT4 white label, MT4 cracked version, foreign exchange CRM system, MT5 build, MT5 rent, MT5 white label, MT5 cracked version, Tiante technology can help you easily
DETAILS2022-09-0111
2022-08Today, I would like to introduce to you a mythical figure in the international financial community. He is mark Westin, a legendary trading master and one of the world's top ten fund managers.
DETAILS2022-08-1122
2022-08Commonly known as white mark, this model is similar to the OEM production of commodities, that is, financial institutions or margin companies,
DETAILS2022-08-22
Keywords on this site:Main label application White label construction for novices Main label construction MT4 construction process How to build MT4 MT5 Unable to sub-index
Friendly links:MT4 platform builder MT4 rental MT4 system construction Forex platform construction Forex liquidity Traderknows