Trading volatility: EUR/USD eyes US inflation and ECB rates decision this week
Traders might expect some short term action in the EUR/USD for the week commencing 8 April 2024, with US CPI inflation data and the ECB MPC meeting as likely catalysts for volatility.
(AI Video Summary)
Watching EUR/USD pair in the coming week
The week of April 8th presents notable trading risk events, particularly in the US CPI inflation data release and the FOMC meeting minutes. Following these, the ECB's policy statement and rate announcement will likely influence the EUR/USD market, urging traders to monitor movements closely. The EUR/USD is currently in a range-bound state, offering trading opportunities at key breakout or reversal levels. Recent US employment data has strengthened the US dollar against the euro, indicating potential shifts in trading strategies around specified price levels. Shaun Murison, Senior Market Analyst at IG South Africa, guides traders through navigating these events and market conditions.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
