Fed Governors came out and signaled their preference for a “skip” at the next FOMC meeting, sending the dollar lower. NFP up next as the major event risk ahead
The Euro Area recorded no growth in Q4, according to the latest Eurostat data, in line with analysts’ forecasts. EUR/USD unchanged after Tuesday’s Powell inspired heavy sell off.
Sterling is on defense with GBP/USD plunging back into yearly downtrend support- risk for major price inflection. Levels that matter on the weekly technical chart.
Euro plunged nearly 1% on hotter than expected US inflation data today with EUR/USD reversing sharply off trend resistance. Levels that matter on the technical charts.