$EURUSD tradingsignals - Head&Shoulders Points to More Downside:
UK housing and EU inflation data aheaddeclined after the Federal Reserve published the past meeting minutes. These minutes showed that officials were still uncomfortable about the soaring inflation in the US. As such, most of them remained committed to increasing rates in the coming months in a bid to fight this inflation.consumer price index
There will be no major economic data from the US and Europe on Monday. Therefore, focus will be on the actions by the European Commission to solve the current gas crisis. According to Bloomberg, the commission plans to propose a mechanism to curb price volatility on the bloc’s energy marketplace. It will impose a dynamic price limit for transactions on the Dutch Title Transfer Facility.
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