EUR/USD

EUR/USD stays above 1.07 ahead of German ZEW economic sentiment data. USD/CAD rises ahead of Canada inflation data.

EUR/USD is trading within a tight range ahead of today’s ZEW report, which suggests we could be facing a breakout of it (one way or another).

EUR/USD may stage a larger rebound as it continues to hold above the January low (1.0483).

The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.

Yesterday’s bounce in US Treasury yields has been erased as investors have continued their flight-to-quality, with a key ECB rate decision on the calendar for tomorrow.

Euro reversed off confluent resistance today and threatens a larger pullback within the broader uptrend. The levels that matter on the EUR/USD weekly chart ahead of ECB.

Hot inflation is likely to outweigh concerns over financial stability, potentially leading the ECB to disappoint market’s substantial re-pricing of policy rates.

The US Dollar started the week with a strong bounce that was soon faded as macro anxiety began to get priced into several markets.

The US Dollar continued to show strength and the Friday PCE report helped to further that theme as US rates continue to rise ahead of the March FOMC rate decision. 

With the US Core PCE for January hotter than expected, the US Dollar is continuing its recent rise.

Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.

EUR/USD rises ahead of German IFO business climate data & FOMC minutes. Gold awaits the Fed minutes.

The US Dollar remains centerstage as US rates continue to climb, with USD/JPY pushing up to a fresh two-month-high ahead of PCE data set to be released later this week.

The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.

Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.

Costs associated with producers will make their way to the end of the supply chain over the next few months and eventually be reflected in the CPI.

EUR/USD falls post US CPI & ahead of retail sales. EUR/GBP rises after weaker-than-forecast UK inflation.