[EUR] Hawkish Fed and the Bullish Dollar 2022 0119

 

EUR/USD four-hour chart, source:FXDD.com

 

cf. [EUR] Rebounding Euro 2022 0113

 

The reports from Gjallarhorn are produced by a trader, not by an analyst. The reports are provided to the investors showing the trader's view on the market.

 

Gjallarhorn has no position just watching the market.

 

The currency pair EUR/USD retreated to the fluctuated price-zone after hitting 1.1480s. It sidles after the retreat.

 

It is anticipated the fluctuation in the sidling Bollinger Bands in the daily chart. And the traders can guess the currency pair rebound to the 120 exponential moving average, 1.1354x in the four-hour chart again. Gjallarhorn recommends the investors to have a bearish bias though.

 

The pair failed to exceed the 20 Moving Average in the weekly chart and it doesn’t seem to be on the upward trend. It is recommended to get the bearish bias on the euro.

 

The currency pair EUR/USD fell 0.79 percent to 1.1316 in the New York session.

 

The Dollar Index tracking the dollar against the currency basket composed of six major currencies rose 0.57 percent to 95.786 in the New York session.

 

The dollar surged as the U.S. bond yield recorded high in two years after the U.S. holidays. The market participants expect the Fed’s hike of the benchmark interest rate in March.

 

The market reflected the concern about the hawkish Fed’s action. Some experts forecasted the four times hike of the interest rate from this March in the year.

 

The yield of the U.S. Treasury Note recorded high in two years rising 7.7bp or 1.038 percent for a while. The yield of the U.S. Treasury Bond hit 1.86 percent or 6.8bp high.

 

The euro, however, showed its bearish trend. The ECB, European Central Bank is expected to keep the dovish stance otherwise the hawkish Fed. The currency pair EUR/USD retreated to 1.13 level in one week after exceeding 1.14 last Wednesday.

------------------------------------------

Gjallahorn produces the reports by the trader. And the reports reflect the trader's view.

 

Gjallarhorn does not provide any signals, but tries for traders to get the insight into the market.

 

You can ask by messenger and e-mail.

Facebook messenger and telegram(@morgenluft)

e-mail - kmuk001@gmail.com

 

You can join telegram channel t.me/gjallarhorn_report .

 

If this report was helpful to you, please support it. The amount of your support is up to you.

 

PayPal  kmuk001@gmail.com.

 

Thank you.

 

 

e-mail - kmuk001@gmail.com

 

Telegram - @morgenluft

Telegram broadcasting - t.me/gjallarhorn_report

 

 

https://www.facebook.com/Gjallarhorn.report/

http://morgenluft.blogspot.com

 

#Gjallarhorn, #EUR, #euro, #EURUSD