Yesterday’s drop in US inflation has EUR/USD trading above the 200-day SMA, building a case for a bullish reversal. US retail sales later could provide a helping hand
The pound benefitted from last week’s dollar selloff but the pair finds early resistance in a quiet week. Fed speakers emerge to fill the void with UK GDP on Friday
EUR/USD has been the main beneficiary of the recent dollar decline. However, dismal European PMI data and confluence resistance has forced the pair lower
Prominent Fed members came out in support of holding rates, allowing the bond market premium to keep financial conditions tight. Added safe haven appeal prop us USD