Comment on EURUSD: Revolving around the 1.0700 area
According to the governor of the Croatian central bank, “if our current forecasts come true, we will have a soft landing with little loss, meaning no economic recession and a significant increase in unemployment ”.
“We cannot be certain that it will continue to be that way until we achieve our goals, but in my view, a soft landing remains a central scenario,” he added. .
Inflation fell to 2.9% last month, from a peak of more than 10%, after the ECB raised interest rates at the fastest pace in history.
Officials have warned that achieving the 2% target remains difficult and that the economy is at risk of a mild recession after shrinking 0.1% in the third quarter.
The war between Israel and Hamas is a major source of instability because it threatens to drive up energy costs. However, according to Mr. Vujicic, the extent of the impact on the Eurozone economy is "hard to predict" at this time.
“First, we have to see whether such a shock will occur. If so, what is the nature of that shock and what is its magnitude? And then we will try to estimate the possible impact on price developments and act accordingly.”
“We cannot be certain that it will continue to be that way until we achieve our goals, but in my view, a soft landing remains a central scenario,” he added. .
Inflation fell to 2.9% last month, from a peak of more than 10%, after the ECB raised interest rates at the fastest pace in history.
Officials have warned that achieving the 2% target remains difficult and that the economy is at risk of a mild recession after shrinking 0.1% in the third quarter.
The war between Israel and Hamas is a major source of instability because it threatens to drive up energy costs. However, according to Mr. Vujicic, the extent of the impact on the Eurozone economy is "hard to predict" at this time.
“First, we have to see whether such a shock will occur. If so, what is the nature of that shock and what is its magnitude? And then we will try to estimate the possible impact on price developments and act accordingly.”
💲TP1 1.0670
💲TP2 1.0700
🔴 SL 1.0620