DAILY FREE FOREX SIGNALS FOR 27-09-2019 | Форекс – Сообщество Трейдеров |إشارات الفوركس|외환 신호
rfxsignals February 11, 2021 No Comments

The Euro has reached its two-week highs. Overview for 11.02.2021


EURUSD keeps its positive momentum and intends to continue rising.
The major currency pair remains optimistic on Thursday. the current quote for the instrument is 1.2120.

The Consumer Price Index in the USA showed 0.3% m/m in January, the same as expected, after being 0.4% m/m in December. On YoY, the indicator was 1.4% against 1.5% over the same period of time. The Core CPI remained unchanged, although it was expected to show 0.2% m/m.

Market players had been waiting for the statistics on inflation for a long time: the report might have been another reason for US Congress to approve the stimulus plan for the country’s economy. The plan will be approved anyway but more reasons in favor of it will only help. In the next several months, there might be a local increase in the price pressure but it should influence Congress’ stance. There are other factors, such as the weak employment sector, which prevents salaries and wages from growing.

In this speech last night, the US Federal Reserve Chairman Jerome Powell said that the regulator’s attitude towards the global stimulus plan remained unchanged – it would stay the same until the economy recovered completely, which means that the Fed’s interest rates have nothing to worry about for quite some time. Apart from everything else, the regulator signaled on several occasions in the past that inflation might exceed the target level of 2% but it was okay because the country’s economy should try to recover by itself.

It was no news for the “greenback”, that’s why EURUSD continued moving towards balancing.

Later in the evening, the USA is scheduled to report on the Unemployment Claims for the previous week, which may support the USD