CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

EUR/USD: US CPI and Fed speak today

USD outperformance takes pair’s price slightly lower, Fed starts corporate bond purchases.

EUR/USD Technical analysis, overview, strategies, and levels

The US dollar was a clear outperformer yesterday amongst the FX majors, besting the euro and taking EUR/USD's price to a slightly lower finish keeping it below all its main moving averages. There's going to be a lack of significant Eurozone data until Friday, but out of the US we get CPI (Consumer Price Index) figures tonight expected to show contraction, and NFIB’s (National Federation of Independent Business) small business index set to show a big drop for the month of April. The New York Fed yesterday said it would starting corporate bond purchases, and we'll get Fed speak this evening from officials' Bullard and Harker.

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IG client* and CoT sentiment for EUR/USD

In sentiment, retail bias hasn't risen but dropped instead to a majority long 62%, slightly below the bias held by larger speculative traders.

EUR/USD Chart with retail and institutional sentiment

*The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%, as of today morning 8am.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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