EUR/USD Retreats Amidst Geopolitical Woes
The pair extends Friday’s risk-off decline, as fears of war in Ukraine persist and weigh on sentiment
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The pair extends Friday’s risk-off decline, as fears of war in Ukraine persist and weigh on sentiment
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US CPI Inflation surged to its highest levels in forty years yesterday, sparking increased volatility and eventually works in favor of the US Dollar
Consumer Price Index data from the United States dominate today’s calendar, with the pair advancing at the start of the European session, along with US Yields
The pair managed to post gains on Wednesday, but as today’s European session gets underway, it is subdued, awaiting inflation figures from the US
The Kiwi runs its second straight week of profits, but shows signs of exhaustion today, as markets brace for US Inflation figures
The common currency rallied last Thursday’s on hawkish shift in tone by Ms Lagarde, but this week is negative for the pair
The pair runs its second straight profitable week and a three-day positive streak, following Friday’s US NFPs-fueled slump
The pair was helped by BoE’s rate hike in Thursday, but dropped on Friday due to better than expected US NFPs and today it stays on the back foot
The pair comes from its best week since March 2020 due to the ECB’s hawkishness, but today it drops, in the aftermath of Friday’s better than expected NFPs from the US
Today's NFP trade ended with a 6.9 pip loss. However, the SL was reduced from 20 pips of risk to 6.9 pips. After the initial kick, volatility declined for a slow grind into the conclusion.
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