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  • The Euro may fall against the US Dollar amid a historically strong month for the Greenback and relative bond yield spreads. EUR/USD appears to be eyeing bearish technical warning signs. Get your $EURUSD market update from @ddubrovskyFX here:https://t.co/njTDk8Ehoi https://t.co/w4II63utz1
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  • (Weekly Fundamental) Australian Dollar Outlook: AUD/USD May Rise on Dovish Fed Speak After Huge NFP Miss #AUD $AUDUSD https://www.dailyfx.com/forex/fundamental/forecast/weekly/aud/2021/05/07/Australian-Dollar-Outlook-AUDUSD-May-Rise-on-Dovish-Fed-Speak-After-Huge-NFP-Miss.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/L9pERwjTqh
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  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/tnF1RME8gJ
  • Top event risk on my radar for the week ahead: Musk on SNL (Sat); run of Fed speak with Brainard, Williams, Bostic (Tues); US CPI and UK GDP (Wed); Mexico central bank rate decision (Thur); US earnings - PLTR, BABA, ABNB, DASH, DIS (Tues-Thur). What are you watching?
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  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.82% 🇦🇺AUD: 0.77% 🇨🇭CHF: 0.75% 🇳🇿NZD: 0.62% 🇯🇵JPY: 0.46% 🇨🇦CAD: 0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j5I6Gut0CR
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.85% Silver: 0.53% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wZsuyfwuv1
Webinar: Live Event Coverage: Euro-Zone CPI Data

Webinar: Live Event Coverage: Euro-Zone CPI Data

Oliver Morrison, Analyst

The Euro has dropped in Friday trading – cancelling out its earlier gains on the back of a strong German unemployment report -- as Euro-Zone CPI data revealed that inflation in the region is now on a downward trend.

The European Central Bank can as a result be expected to continue purchasing assets and leave interest rates unchanged until well into 2018 – which puts fundamental pressure on the single currency.

Euro-Zone inflation in March fell to 1.5% from 2.0% in February and missed expectations of a 1.8% increase. Core CPI rose 0.7% against a prior month’s reading of 0.9% as energy and food prices moderated, again missing estimates of a rise of 0.9%.

After rallying on robust German jobs figures released earlier Friday, Euro crosses have steadied.

Chart: EURUSD 15’ Timeframe (March 31)

Webinar: Live Event Coverage: Euro-Zone CPI Data

Chart by IG

See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar

For more on the inflation data, read the DailyFX Market Alert here

--- Written by Oliver Morrison, Analyst

To contact Oliver, email him at oliver.morrison@ig.com

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