Forex: EUR/USD – Will upcoming monetary policy meetings help make the picture clearer?
The EUR/USD traded sharply higher today, closing up 63 pips to finish the day at 1.3092. The upcoming European session will be busy with German Retail Sales, German Unemployment, and Spanish GDP to name a few. The real volatility will most likely pick up later in the week, when both the ECB and Federal Reserve will be holding monetary policy meetings. Finally, we will get Non Farm Payrolls to round out the week in the US