EUR/USD (Euro/US Dollar) – Buy
The EUR/USD pair is experiencing a slight decline, trading at 1.0820. Today, investors are focusing on the speech by Christine Lagarde, President of the European Central Bank (ECB), and the US new home sales statistics. In the EU, inflation trend data for February was released over the weekend, with the Consumer Price Index (CPI) and Core CPI expected to slow down from 2.8% to 2.5% and from 3.3% to 2.9%, respectively. Investors are also continuing to evaluate data on Germany’s GDP and business sentiment index.
GBP/USD (British Pound/US Dollar) – Buy
The GBP/USD pair is stable near 1.2660. Investors are assessing the outlook for changes in the Federal Reserve’s monetary policy, with particular attention to the minutes of the January meeting. The US dollar is increasingly likely to delay adjustments in lending costs until the second half of the year.
NZD/USD (New Zealand Dollar/US Dollar) – Sell
The NZD/USD pair showed a sharp correction at the end of last week’s “bullish” trading and is testing the breakdown at 0.6165. Today, US new home sales data will be released, and on Wednesday, the Reserve Bank of New Zealand will hold a meeting regarding interest rates.
USD/JPY (US Dollar/Japanese Yen) – Buy
The USD/JPY pair is stable near 150.50. At the beginning of this week, there is no significant news that could cause market fluctuations. Tomorrow, investor focus will shift to Japan’s National Consumer Price Index.
XAU/USD (Gold/US Dollar) – Buy
The XAU/USD pair is stable near 2030.00, awaiting new triggers for movement. Investors are paying attention to the prospects for a decrease in borrowing costs by the Federal Reserve. Tomorrow, durable goods order statistics will be released, providing an opportunity to assess domestic demand levels.
