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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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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.

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Forex United States dollar EUR/USD Euro Inflation European Central Bank
Written by: Shaun Murison | Senior Market Analyst, Johannesburg
Publication date:

(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.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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