RedFX Snap: What's ahead this week?

After Friday’s employment data, the USD gained ground, erasing the recent gains in EUR/USD and GBP/USD, and although this week started quietly on the data front, the explosions across Kyiv this morning, pushed many into a rush to safe-haven assets, boosting the USD further.

For this reason, today, we decided to keep help calm you down with valuable data to keep informed of the progress of certain currencies on a easy-to-read-graphic display that will help you understand the changes and the evolution of each currency rates and therefore understand the tendance of the currency market to help you plan ahead.

Here you will find data of 4 main currency pairs: EUR/USD; EUR/CAD; GBP/EUR and GBP/USD.

EUR/USD has been highly volatile, with the USD overcoming the Euro due to the FED’s numerous interventions in order to combat and stop American inflation.

Tuesday’s UK employment data is the one highlight for GBP this week.

Wednesday’s Minutes from the US Central Bank meeting will be closely watched, the market will react.

Thursday and Friday see US Inflation and Retail Sales data – the market will focus on anything that misses expectations.