ECB Hawks Welcome Further Hikes Amid Stubborn Inflation Risks
TL;DR
Hawks within the ECB prefer more rate hikes before reaching a peak in interest rates, while doves suggest a data-dependent approach. EUR/USD has seen a significant rise, with 1.0965 being the immediate level of resistance and 1.0910 as immediate support. IG client sentiment favors bullish continuation setups after a sentiment reversal. Scheduled risk events experience a significant drop-off this week, with Jerome Powell's testimony in front of the US Senate Banking Committee being the major event.
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