A bit of risk-taking at the start of the week, Brexit talks, and anticipation of this week’s Eurozone inflation data may make or break EUR/USD’s short-term downtrend.
USD dominated the FX majors and bond yields moved higher as sticky inflation signals & rising business optimism pulled back hopes of a Fed pivot this year
Week Ahead in FX (Feb. 20 – 24): More Interest Rate and Global Growth Speculation
We’re in for more interest rate speculations as the RBNZ decides on a new rate and the Fed prints its minutes. Meanwhile, global PMIs are expected to show slight recoveries in February.
U.S. data dominated attention this week, but it was the euro that took the top spot, likely on expectations the ECB will stay aggressive with rate hikes.
A softer-than-expected inflation report dragged GBP lower earlier today. Will the pound regain pips against the dollar when Uncle Sam prints its retail sales data?
Can these stronger than expected U.K. jobs figures lift Guppy past its triangle top? Or will the appointment of the next BOJ head spur profit-taking for yen pairs?
