1. On the European commodities market front, there seems to be sort of a "bailout" fund of 65 billion Euros to try provide relief.
2. Because of point 1, we should continue to pay attention to TTF prices, given that the Gazpom might not be restarted.
3. In my opinion, Germany is basically using more money to provide reliefs, which will add on to inflationary woes.
4. Therefore, my expectations for the ECB meeting this week, is an increased rate hike.
5. We can expect the EURUSD in the 0.9967 and 0.9946 range before the meeting, then followed by a huge spike, which I am expecting to reach 1.00777.
6. However, in the next couple of months, I believe the Euro will continue to weaken against the dollar therefore will short this currency pair after the ECB meeting.
7. We should continue to monitor other macro economics indicator such as PMI, germany unemployment etc.
2. Because of point 1, we should continue to pay attention to TTF prices, given that the Gazpom might not be restarted.
3. In my opinion, Germany is basically using more money to provide reliefs, which will add on to inflationary woes.
4. Therefore, my expectations for the ECB meeting this week, is an increased rate hike.
5. We can expect the EURUSD in the 0.9967 and 0.9946 range before the meeting, then followed by a huge spike, which I am expecting to reach 1.00777.
6. However, in the next couple of months, I believe the Euro will continue to weaken against the dollar therefore will short this currency pair after the ECB meeting.
7. We should continue to monitor other macro economics indicator such as PMI, germany unemployment etc.