Event to pay attention to today:
17:00 EET. USD – Federal Reserve Chairman Jerome Powell Speaks
EURUSD:
On Monday, the EUR/USD exchange rate experienced a decline of approximately a third of a percentage point, reaching 1.0300 as market sentiment moderated. Investors are anticipating clearer signals from central bank policymakers, however, the recent series of executive orders on tariffs issued by US President Donald Trump has introduced an element of uncertainty.
European data is generally limited this week, with a speech from European Central Bank (ECB) President Christine Lagarde failing to elicit significant movement. This routine speech is a staple in ECB policymakers’ talking points.Federal Reserve (Fed) Chairman Jerome Powell is scheduled to deliver his latest testimony to the US Senate Banking Committee, where he is expected to address concerns regarding the Fed’s response to the fluctuating tariff threats posed by President Trump.
Germany’s final Harmonised Index of Consumer Prices for the year ending January is scheduled for release on Thursday, and EU gross domestic product data for the fourth quarter is due on Friday. Neither of these indicators are expected to undergo significant change.Key data this week will be US consumer price index (CPI) inflation, released on Wednesday, and the US producer price index (PPI), released on Thursday.
Trading recommendation: BUY 1.0310, SL 1.0285, TP 1.0360
Origin: FreshForex
