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Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.14333 with take profit at 1.14407.
Bearish Preference:
Sell position is envisaged if price trades below 1.14102 with take profit at 1.14025.
Fundamentals:
11:00am EUR EU Economic Forecasts
2:30pm USD CPI
USD Core CPI m/m
USD Unemployment Claims
Comment:
European stock markets are expected to open largely unchanged Thursday ahead of the release of key U.S. inflation data, with the banking sector in particular focus. Global investors are reluctant to push the boat out ahead of the release of the monthly U.S. inflation report due later in the day, as this should offer new clues on how aggressively the Federal Reserve will tighten monetary policy this year. While back in Europe, today will be another busy day for quarterly earnings, with a particular focus on the region’s banking sector.
Analysis: SCRUM Team
