empty
05.12.2023 04:30 AM
Is there any point in the daily speeches of ECB members?

There were no significant price changes on Monday. Both instruments showed very weak dynamics from the morning, which implies that we shouldn't expect any notable movements. This market behavior was also evident over the weekend when the economic events calendar was released. European Central Bank President Christine Lagarde and Vice President Luis de Guindos were scheduled to speak on Monday. And that was the end of the list of important events for the day. Lagarde spoke a little later than de Guindos, so let's see what the latter had to say.

This image is no longer relevant

Cutting to the chase, nothing. He commented on the economy and monetary policy without using any new theses. Honestly, I expected him to speak on how the central bank would act now, given the drop in the Consumer Price Index to 2.4%, but the markets didn't get anything like that from him. De Guindos only said that the latest inflation report is a pleasant surprise, but it is still too early to celebrate victory over high inflation. According to him, an increase in wage growth rates can still lead to a new rise in inflation. He also noted that the energy market is unstable, and oil and gas prices could start rising, stimulating inflation.

De Guindos' final remark was the already familiar phrase, "monetary policy will depend on incoming data." What can I say about this speech? First, there were no other news, so the market couldn't pay attention to anything else. Second, de Guindos didn't convey anything new or important. Third, the market hardly reacted to his speech. Fourth, almost all speeches by ECB members in the last two months have not carried any potentially important information.

Therefore, I can advise you to pay less attention to such events like their speeches. They currently do not provide anything new and interesting to the market.

Based on the analysis, I conclude that a bearish wave pattern is still being formed. The pair has reached the targets around the 1.0463 mark, and the fact that the pair has yet to breach this level indicates that the market is ready to build a corrective wave. It seems that the market has completed the formation of wave 2 or b, so in the near future I expect an impulsive descending wave 3 or c with a significant decline in the instrument. I still recommend selling with targets below the low of wave 1 or a. But be cautious with short positions, as wave 2 or b may take a more extended form. A successful attempt to break the 1.0851 level could signal a decline in the instrument.

This image is no longer relevant

The wave pattern for the GBP/USD pair suggests a decline within the downtrend. The most that we can count on is a correction. At this time, I can recommend selling the instrument with targets below the 1.2068 mark because wave 2 or b will eventually end and at any time, and it could happen at any moment. The longer it takes, the stronger the fall. The narrowing triangle is a harbinger to the end of the movement.

Chin Zhao,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

USD/CAD. Análise e previsão

O par USD/CAD está apresentando uma recuperação modesta dos níveis abaixo de 1,3600, recuperando a maior parte das perdas do dia anterior, apoiado por uma recuperação do dólar americano. Além

Irina Yanina 14:18 2025-06-13 UTC+2

AUD/JPY. Análise e previsão

O par AUD/JPY permanece sob pressão vendedora pelo terceiro dia consecutivo, tendo atingido uma mínima de quase duas semanas em torno de 92,30 durante a sessão asiática desta sexta-feira. Após

Irina Yanina 14:10 2025-06-13 UTC+2

Donald Trump planeja reprimir protestos

Por vários dias consecutivos, protestos e distúrbios se espalharam por algumas das principais cidades dos Estados Unidos, desencadeados pela nova política de imigração de Donald Trump. Desta vez, o presidente

Chin Zhao 21:25 2025-06-12 UTC+2

O que prestar atenção em 12 de junho? Uma análise dos eventos fundamentais para iniciantes

Um número significativo de relatórios macroeconômicos está previsto para esta quinta-feira, mas apenas alguns devem ter relevância real. Os destaques são os dados do PIB e da produção industrial

Paolo Greco 19:27 2025-06-12 UTC+2

O mercado vende fatos

Os mercados sobem com rumores e caem com fatos. Durante muito tempo, o S&P 500 subiu impulsionado pela confiança dos investidores em um acordo comercial entre

Marek Petkovich 18:13 2025-06-12 UTC+2

O Fed está certo — é muito cedo para reduzir as taxas (espero uma queda no #SPX e um aumento nos preços do ouro)

Os novos dados do Índice de Preços ao Consumidor (IPC) dos EUA divulgados na quarta-feira, embora abaixo da previsão consensual, confirmaram a persistência da pressão inflacionária. Isso justifica plenamente

Pati Gani 17:52 2025-06-12 UTC+2

O dólar manterá o status quo?

Para fazer previsões precisas sobre o futuro, é necessário analisar o passado. A valorização de mais de 10% do EUR/USD desde o início do ano foi impulsionada por quatro fatores

Marek Petkovich 17:04 2025-06-12 UTC+2

Trump ameaça novamente com tarifas – Mercados reagem

O presidente Donald Trump anunciou ontem que pretende enviar cartas aos parceiros comerciais nas próximas uma ou duas semanas, detalhando tarifas unilaterais. A medida antecede o prazo

Jakub Novak 15:50 2025-06-12 UTC+2

XAU/USD. Análise e previsão

Atualmente, o preço do ouro permanece confinado a uma faixa semanal. Entre os principais fatores que sustentam a valorização do metal estão a decisão do tribunal federal de apelação

Irina Yanina 18:46 2025-06-11 UTC+2

USD/JPY. Análise e previsão

Neste momento, o iene japonês continua sendo negociado dentro de uma faixa de consolidação intradiária, aproximando-se da mínima de duas semanas em relação ao dólar americano registrada ontem. Os principais

Irina Yanina 18:46 2025-06-11 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
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.