EUR

Currencies saw tight ranges overnight, but we see the potential for EUR/USD to have another crack at 1.0700 whilst prices remains below 1.0800.

The ECB had already planned a half-point rate move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control.

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.

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After just one day above it, the euro is back below parity. And it could face further selling pressure if US inflation comes in hotter than expected today.

After just one day above it, the euro is back below parity. And it could face further selling pressure if US inflation comes in hotter than expected today.

The key area to watch for EUR/USD will be in the 0.9950-1.0000 zone

The key area to watch for EUR/USD will be in the 0.9950-1.0000 zone

The ongoing military clash in Ukraine may soon drive EUR/USD to its lowest levels in more than 20 months

Oil sees heightened volatility on Russia-Ukraine fears. EUR/USD extends losses amid risk off trade and ahead of ECB Lagarde.

Now the euro has erased all of its FOMC losses it is at the hands of today’s ECB meeting as to whether it can extend its rally or hand back gains.

The ECB meeting is likely to affirm that the gap between monetary policy on the two sides of the Atlantic is wider than the ocean itself.

As the data was compiled ahead of the FOMC meeting its likely there are some distortions in this week’s speculative positioning report.

Rising yields continued to dominate sentiment overnight, a move which began in Asia then extended its way through the European and US sessions.

Today's rate hike signals that the tide has shifted and BOE policymakers are now prioritizing fighting inflation as the biggest economic risk...

Friday’s inflation reading will undoubtedly be top of mind for the central bank heading into its final meeting of the year.

Whilst there are some strong numbers coming out from China, its slowdown remains apparent. Which is still a net-positive when compared to Japan’s negative growth figures.