empty
15.02.2022 01:41 PM
ECB changes stance on tapering

EUR/USD closed above 1.1300 on Monday, in part due to the Fed not disclosing the results of its unscheduled meeting yesterday. Another reason was ECB chief Christine Lagarde who, despite her harsh tone following last month's meeting, said the central bank would not rush to lift EU stimulus. "We have to be open about what we can and cannot do as a central bank," she told MEPs on Monday. "Everyone must understand that our monetary policy cannot fill pipelines with gas, clear port congestion, or train more truck drivers." With such statements, Lagarde made it clear that not everything is in the hands of the central bank. Authorities need to cope with current problems on their own, not through stimulus support programs.

This image is no longer relevant

Faced with the fastest inflation in eurozone history, Lagarde has become more aggressive since the ECB meeting last month, refusing to rule out a rate hike in 2022. As such, the European Commission predicts that consumer prices will rise by 3.5% y/y in 2022 and increase by 1.7% in 2023.

The ECB also announced last year that it would cut all economic support programs that functioned during the coronavirus pandemic. But last week Lagarde warned that tightening monetary policy too quickly could jeopardise Europe's economic recovery. "Any adjustment to our policy will be gradual," she said. "Our target is an inflation rate of 2% over the medium term. To do this, we will take action at the right time," she added.

Lagarde's position is supported by other politicians, and several ECB officials stressed the need for a more gradual change in policy. Board of Governors member Olli Rehn even warned against a sharp reaction to short-term inflation, saying it's best to look at price forecasts for 2023 and 2024 once the current energy price surge and supply chain disruptions subside. He said the central bank should look beyond the current spike in inflation as it determines monetary policy from the position of not stifling the observed economic growth. "If we reacted sharply to inflation in the short term, we would probably stop economic growth," Ren said.

Inflation in the eurozone is already above 5.0%

This image is no longer relevant

But even though wage growth in the euro area remains subdued and inflation is high, it is unlikely that such a discrepancy will persist for a long time. The risk also represents broader labor costs, but there are no major changes in this direction. That is why the Board of Governors meeting scheduled next month is a suitable occasion to discuss possible future adjustments.

Technical analysis for EUR/USD

A lot depends on 1.1340 because a breakout will lead to a further rise to 1.1380 and 1.1415. Meanwhile, a dip below the level will result in a deeper decline to 1.1270, and then to 1.1230.

Technical analysis for GBP/USD

A lot depends on 1.3570 because a breakdown will lead to a larger jump to 1.3605 and 1.3640. Meanwhile, a drop below 1.3495 will result in a further decrease to 1.3430 and 1.3360.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

美元/日元:分析與預測

今天,日圓正努力維持其對美元的兩日漲勢。然而,由於市場對日本央行潛在的加息決策感到不確定,其強勢正在減弱。

Irina Yanina 11:36 2025-01-13 UTC+2

歐元/美元:通脹、通脹,還有更多的通脹

這週對於歐元/美元交易者來說非常關鍵,因為美國即將公佈的通脹數據將出爐。這些報告不僅會影響到一月的美聯儲會議結果——這是一個備受期待的事件——還會影響到三月的會議。

Irina Manzenko 05:24 2025-01-13 UTC+2

GBP/USD 評論:每週展望 – 英鎊逼近 1.1800

英鎊/美元對在週五持續下跌。雖然週五的下跌可以歸因於美國強勁的就業市場和失業數據,但早先的下跌則被歸咎於英國的「債券危機」。

Paolo Greco 05:24 2025-01-13 UTC+2

歐元/美元回顧:每週預測——歐元無利好消息

歐元/美元匯率在週五大幅下跌。交易者大多在週四暫停活動,期待更具事件性意義的週五,而週五果然帶來了可預測的走勢。

Paolo Greco 05:23 2025-01-13 UTC+2

1月13日需注意什麼?新手必看的基本面事件分析

週一並無排定任何宏觀經濟事件,這意味著交易者將無特定的發展可供反應。然而,受上週五美國數據影響,貨幣對的下跌趨勢可能會持續。

Paolo Greco 23:34 2025-01-12 UTC+2

英鎊面臨嚴峻形勢

本週,英鎊/美元貨幣對處於急劇下降趨勢,在短短幾天內下跌了超過300個點。昨日,英鎊/美元空頭將價格推至1.2237的14個月低點,這是自2023年11月以來首次測試1.22水平。

Irina Manzenko 15:58 2025-01-10 UTC+2

USD/CAD:分析與預測

```html 今日,美元/加元貨幣對連續第四天保持上升趨勢,這由於對美元的持續需求所推動。 美元指數,一個跟蹤美元對一籃子貨幣的指標,接近兩年來的新高,這受到美聯儲強硬信號的支持。

Irina Yanina 12:00 2025-01-10 UTC+2

比特幣失去動力

比特幣無法突破心理意義上的$100,000大關,但BTC/USD的多頭表現出韌性。他們堅信「今天不行,那就明天,這個水平終將被攻克!」然而,這次失敗的重要性不容忽視。

Marek Petkovich 08:58 2025-01-10 UTC+2

1月10日應該注意什麼? 新手基本事件解析

週五安排了大量的宏觀經濟事件,幾乎所有這些事件都具有重要意義。與此同時,今天英國、德國和歐元區的經濟日曆完全空白。

Paolo Greco 07:16 2025-01-10 UTC+2

GBP/USD 概況:1月10日 - 英鎊再度下跌的一天

英鎊/美元貨幣對在週四持續穩定下滑。正如昨天所指出的,週三英鎊下跌並沒有迫切的本地原因。

Paolo Greco 02:49 2025-01-10 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.