Subdued Start to a Heavy Data Week with Risk Sentiment Holding Steady - Action Forex

Euro’s gains at risk in busy economic week

The euro faces a packed schedule of economic data points this week, putting its startling gains this month — 2% against the pound and 5% against the US dollar – at risk of a correction. A rare gap in major news gives the pound a chance to take stock. However, ongoing volatility and the scramble to navigate the new economic environment means that we should still expect some volatility, particularly considering how quickly things are changing. On …

Subdued Start to a Heavy Data Week with Risk Sentiment Holding Steady - Action Forex

Trading was particularly subdued today, even by the quiet standards of a typical Monday in Asia. That’s not surprising, given the near-empty economic calendar offering little to move the markets. Instead, traders are exercising understandable caution ahead of a heavy barrage of important data releases later this week, including US and Eurozone GDP figures, inflation […] The post Subdued Start to a Heavy Data Week with Risk Sentiment Holding Stea…