EUR/USD Technicals

Later in the US, Beige Book, times per year, 2 weeks before each FOMC meeting and used by the FOMC to help make their next decision on interest rates.

EUR/USD Technicals

In the US, Federal Reserve Bank of Chicago President Charles Evans is due to speak at the Federal Reserve Bank’s “Risks & Resolutions – Creating a New Foundation for Risk Management” Conference, in Chicago. As a voting member at the FOMC his words may convey clues regarding future monetary Policy.

Jean-Claude Trichet refused to commit on future moves, and this initially sent the Euro into a “sell the fact” mode after the hike. But together with the US political mess, a huge gain was eventually seen. Will we see some consolidation at these levels, or will the rally continue? Let’s start.

In Canada, Capacity Utilization Rate, is about to rise by 1%. When producers are nearing full capacity they respond by raising prices, and the higher costs are usually passed on to the consumer.

Axel Weber pushes the Euro higher, and he’ll have another chance to express his hawkish views this week. Will he help the common currency again? Let’s start:

EUR/USD Technicals

In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week; is about to rise by 7K. This is the nation’s earliest economic data. The market impact fluctuates from week to week.

EUR/USD Technicals