ECBs Knot: Headline inflation seems to have peaked.

ECBs Knot is speaking and says:

• headline inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term appears to have peaked
• policy rates have socially been brought into neutral range
• Keeping current pace of hikes into May could well be needed if underlying inflation does not materially abate
• Once we see a clear, decisive turn in underlying inflation dynamics, I expect ECB to move to smaller steps
• Sharp decrease in energy prices could bring down headline inflation faster than projected by ECB
• Slowdown in growth seems even more shallow, short lived than expected.
• Sees no recession in winter

The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term trade between a swing area between 1.0710 and 1.07243 and near the session lows for the day. A break below would have traders looking toward 1.06909 which is the 61.8% retracement of the 2023 trading range (see posts here). For a technical view of the EURUSD, USDJPY, GBPUSD and USDCAD at the start of the US session, CLICK HERE.