There are three main themes for FX this week. Firstly, monetary policy remains in focus, given that we have the New Zealand central bank meeting to decide policy (rate rise expected), but also in light of the divergence we are seeing between those central banks seen tightening within the next year versus those that still have the potential for easing (principally Japan and the Eurozone). Secondly, the Ukraine is not far from the headlines given the ongoing tensions and the unease among the G7 nations, especially with regards to energy security. This is playing out not just in the energy market but also in the currency markets, given the reliance of Europe on gas supplied by Russia and channelled through the Ukraine. At the margins, this is sapping confidence in the Eurozone recovery. Finally there is the dollar and the US economy. US data has been coming in above expectations for most of the month and the dollar has so far been slow to react, but has been looking more assured over the past week, especially against the yen which has seen seven consecutive days of gains. So far though, the mixed messages that have been emanating from the Fed have failed to give the market sufficient confidence that the dollar is on a more assured rising trend, which was expected at the beginning of the year, but was scuppered by the soft patch in data. For today, data is second tier in the form of existing home sales in the US, together with consumer confidence data for the Eurozone. Note that Australian CPI data is released overnight, with the headline rate of inflation seen rising from 2.7% to 3.2%. The Aussie remains firm overnight, with a stronger CPI figure giving scope for another push towards the 0.94 level. Further reading: Waiting to buy GBPNZD after retracement into support EUR/USD Testing Area of Interest Ahead of PMI Reports FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD April 22 – Hugging 1.38 in Quiet Trade Kenny Fisher 8 years There are three main themes for FX this week. Firstly, monetary policy remains in focus, given that we have the New Zealand central bank meeting to decide policy (rate rise expected), but also in light of the divergence we are seeing between those central banks seen tightening within the next year versus those that still have the potential for easing (principally Japan and the Eurozone). Secondly, the Ukraine is not far from the headlines given the ongoing tensions and the unease among the G7 nations, especially with regards to energy security. This is playing out not just in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.