The European Central Bank will assess the impact of the recent appreciation of the euro on consumer price growth in its quarterly forecast to be released in March, but Executive Board member Piero Cipollone told the Cyprus News Agency that the recent move was rather limited.
According to a record released on the website of the European Central Bank on Sunday, an Italian policymaker said that officials view exchange rates as one of the elements for “predicting inflation dynamics”. “We will observe how the new forecast results are and what impact they will have.”
At the same time, Syrignot emphasized that the European Central Bank has not set a specific target for the euro, and the euro exchange rate has been fluctuating around 1.17 to 1.18 US dollars for nearly a year. “After the fluctuations that occurred a few weeks ago, the euro exchange rate has now returned to the levels of the previous months,” Syrignot said.
European Central Bank officials left borrowing costs unchanged at their fifth meeting last week. President Christine Lagarde reaffirmed that they consider their position “good” and played down the euro’s rise.
However, inflation in the eurozone in January was far below the European Central Bank’s target, standing at only 1.7%. Some policymakers are concerned that due to the strong euro and numerous adverse factors facing economic expansion, inflation may remain persistently below expectations for a long time. Olli Rehn, the governor of the Bank of Finland, said on Friday that “there is indeed a risk that inflation will be lower than expected,” and pointed out that the strong euro is one of the reasons for this phenomenon.
“We take the exchange rate as an input factor in our projections,” said Syrplon, who is regarded as one of the most dovish members of the management committee. “It is one of the many input factors we consider when forecasting inflation dynamics.”
Technical analysis:
The functions of WeChat are subject to occasional restrictions. If you want to try the plugin, please leave your contact information when adding a friend so that we can add you back easily!!!
Gold: The gold price continues to show a corrective rebound trend. It has now recaptured the 5000 mark. If it can continue to recover and hold above 5050 within the day, it should be considered for a long position. Meanwhile, if the price sweeps down to the 4930 level, wait for it to stabilize before attempting a long position once. For detailed positions, please consult the plugin.
(Gold 15-minute chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg and leave your contact information for us to get back to you.
Nasdaq: The blue zone buy signal we provided through the plugin last Friday, which involved a breakout and pullback, performed extremely well, achieving a profit-to-loss ratio close to 4:1. We suggest reducing positions and setting stop-losses. Then, continue to monitor the rebound signal after the market sweeps back to the liquidity range of 24,900 – 25,000. For detailed positions, please consult the plugin.
(NASDAQ 15-minute chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the chart, please contact V: Hana-fgfg and leave your contact information in the message for us to reply.
Crude oil: The price remains in a wide range consolidation within the 62-64.50 area, and the short-term trend is not clear. Therefore, for today, continue to try for a long position signal after scanning for liquidity. For detailed positions, please consult the plugin.
(Crude Oil 15-Minute Chart)
The plugin is updated from 12:00 to 13:00 every trading day. If you want to experience the same plugin as shown in the picture, please contact V: Hana-fgfg and leave your contact information in the message for us to get back to you.
