EUR/USD looks to keep the upside going with eyes on German debt brake reformGermany's Greens party official calls for members not to vote for bill on spending plansGermany's Greens co-leader says the goal is to come to an agreementWeekly update on interest rate expectationsBitcoin continues to hold the line at $80,000 for nowECB's Kažimír: Inflation risks remain tilted to the upsideEurozone March Sentix investor confidence -2.9 vs -8.4 expectedGermany January trade balance €16.0 billion vs €20.6 billion expectedGermany January industrial production +2.0% vs +1.5% m/m expectedSNB total sight deposits w.e. 7 March CHF 444.1 bn vs CHF 437.4 bn prior
Markets:
JPY leads, USD and CAD lag on the dayEuropean equities lower; S&P 500 futures down 1.1%US 10-year yields down 5.8 bps to 4.247%Gold down 0.5% to $2,896.93WTI crude up 0.5% to $67.41Bitcoin up 2.4% to $82,629US data is in focus again this week but we're seeing broader markets stick with a more defensive risk mood right at the open in Europe. Regional indices quickly dipped lower after a positive start before deepening losses, with the DAX now seen down 0.9% on the day. For some context, the German benchmark index opened up by 0.6% to start the session.
That also led to EUR/USD dipping from 1.0860 to 1.0830 before recovering some poise back to 1.0850 levels currently.
US futures being down over 1% isn't really helping as tech shares are retreating after a late but unconvincing recovery last Friday.
It's now over to US trading to make do with the risk mood as the focus turns to key US data in the days ahead.
This article was written by Justin Low at www.forexlive.com. Read More Details
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