Yohay Elam | Source | Currency Analyst at FXStreet
Yohay Elam
Forex professorial with wide experience in currency analysis, news coverage and finance related content editing. Specialties: technical, fundamentals and financial event analysis and review.
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FXStreet
Currency Analyst
started Jan 2018
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When is the ECB interest rate decision and how could it affect EUR/USD?
ECB monetary policy decision - Overview The European Central Bank (ECB) is scheduled to announce its monetary policy decision later today at 1445 GMT
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U.S. Dollar Surge: Euro Faces Potential Decline Amid Economic Shifts
Yohay predicts the EUR/USD could fall below parity due to a robust U.S. economy and potential policy shifts under President-elect Trump. He warns of Europe's political instability, with Germany and France lacking stable governments, potentially leading to a Eurozone bond crisis reminiscent of past debt issues.
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UK PM Theresa May may come out stronger after the leadership challenge, exposing the dearth of potential challengers to lead Brexit. The British Pound has room to continue higher.
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2018 has seen a decoupling of the US economy from the rest of the world, alongside stocks and monetary policy. A re-synchronization may be seen in 2019, eventually leading to a reversal of the US Dollar strength.
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There are more signs of economic weakness in the US. The Fed's favorite inflation measure, the Core PCE, dropped to 1.8%. Jobless claims, which were low, stable, and ignored by markets, rose for the second consecutive week. In addition, GDP growth is based on a surge in inventory buildup. It seems that Powell is beginning to wake up, but it won't stop the Fed from raising rates, at least not in December.
