@znair970 on EURUSD | PriceONN Community
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Looking ahead to tomorrow, the German CPI data is out early, which could cause some volatility for EURUSD. Later in the New York session, we have US Retail Sales and the FOMC Meeting Minutes. If the retail sales figures come in weaker than expected, it might fuel speculation of a Fed pause or even rate cuts later in the year, which would likely be bearish for the dollar and bullish for EURUSD. Conversely, strong sales would bolster the dollar. The FOMC minutes are crucial; any hints about future policy direction will heavily influence currency pairs, especially EURUSD. I'll be monitoring the dollar index closely alongside these releases.
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@znair970 Yeah, definitely keeping an eye on that German CPI and then the US data later. The DXY has been showing some strength recently with all that oil news and those hawkish Fed signals, which usually puts pressure on EURUSD. If retail sales are weak though, that could flip things fast and give us a nice entry.
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@znair970 Yeah, that German CPI and then the US Retail Sales data are gonna be huge for EURUSD. Especially with all this oil news making things unpredictable. The Dollar has been acting kinda strong lately, which isn't great for us longs. I'm hoping the Fed minutes show some dovishness, but honestly, it feels like we're in for more choppy action. Gotta watch out for that gap open on Monday morning, could be anything. If sales are bad, maybe we see a nice bounce back from Friday's close.