EUR/USD treads water above 1.0700 with eyes on ECB, Fed talks – by anilpanchal7 EURUSD ECB Fed Inflation RiskAppetite
Cautious mood ahead of this week’s key catalysts probe EUR/USD traders.Speeches from Fed Chair Powell, ECB’s Schnabel and US inflation will be crucial for fresh impulse.dribbles between 1.0720 and 1.0745 so far during early Tuesday as traders await more clues to extend the latest north-run.
The rebound in the US Treasury yields and the DXY could be linked to the comments from Atlanta Federal Reserve bank President Raphael Bostic as he said on Monday that it is ''fair to say that the Fed is willing to overshoot.'' On the same line, San Francisco Furthermore, the of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectations declined to 5% in December from 5.2% prior.
On the other hand, German Industrial Production rose 0.2% MoM in November versus 0.1% expected and -0.1% previous readings. However, the yearly figures marked -0.4% YoY outcome compared to 0.0% prior and 1.3% market forecasts. Additionally, the
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