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Euro Jumps to 1-Month High as ECB’s Lagarde Fails to Calm Rate Hike Bets By Investing.com

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By Yasin EbrahimInvesting.com – The euro jumped to one-month highs against the dollar, shrugging off the European Central Bank’s attempts to downplay bets that rising inflation could force into raising rates as soon as next year.rose 0.68% to $1.1683The European Central Bank left interest rates and asset purchases unchanged, as expected, but the ECB governor Christine Lagarde, hinting at higher for longer inflation, struggled to convince traders that bets on sooner rather later rate hikes were misplaced.  Lagarde conceded that the decline in inflation would “take a little longer than we expected,” reflecting energy, recovery demand that is outpacing supply, though added that the medium-term outlook remained intact.But market participants aren’t convinced and believe the central bank has grown more concerned about inflation.“In our view, the ECB is clearly crawling back from its fully convinced view of inflation being transitory,” ING said.”This was among other things reflected in the finer details, for example, the scrapping of a sentence such as ‘Measures of longer-term inflation expectations have continued to increase, but these remain some distance from our two per cent target”  but also in the assessment that wages will rise,” it added.This subtle change in the central bank’s stance on inflation doesn’t help its case and will continue cast doubt on the ECB’s inflation outlook.“When you fudge the arguments and interpretations, they take over the driver’s seat. Folks who have been through multiple cycles know full well that markets tend to lead central banks on the way in and the way out more often than not,” Scotiabank said.Lagarde also pushed back, though unconvincingly, on market bets for the bank to raise its deposit facility rate by 20 basis points to minus 0.3% by December 2022.“Our analysis certainly does not support that the conditions of our forward guidance are satisfied at the time of liftoff as expected by markets, nor any time soon thereafter,” Lagarde said.Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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美元反弹打压金价,非农来袭,警惕空头“乘胜追击”

亚洲时段,现货黄金震荡微涨,目前交投于1916.20美元/盎司附近,因为隔夜金价跌幅较大,技术面存在一些反弹调整需求。周四欧洲央行如期加息50个基点,但欧洲央行行长拉加德的讲话并不鹰派,美元指数大幅反弹,令金价大跌近40美元。 周四出炉的美国初请失业金人数低于市场预期,降至九个月最低,也给美元提供支撑,在周五非农数据公布前,一些黄金多头获利了结,对拖累金价表现。 High Ridge Futures金属交易主管David Meger表示,对金市的基本支撑依然强劲,但市场小幅回调可能是由于在明天的美国月度就业数据之前出现一些获利了结。 本交易日市场目光将聚集美国1月份非农就业报告,虽然预期并不乐观,但从其他相关数据来看,非农新增就业人数好于预期的可能性较大,鉴于黄金技术面见顶信号进一步增强,投资者需要提防金价短线的进一步下行风险。

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