EURUSD PRICE ACTION TURNS TO EUROZONE INFLATION, US CONSUMER CONFIDENCE DATA
Spot EURUSD currency traders shift focus to Tuesday’s release of Eurozone and US inflation numbers in addition to US Consumer Confidence
EURUSD implied volatility appears low and indicates attention remains fixated on the upcoming July Fed meeting
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The EURUSD Forex Economic Calendar is stacked for Tuesday’s trading session with high-impact data slated to cross the wires out of the Eurozone and US. Updated readings on GDP, inflation and consumer confidence are expected, which all have potential to spark volatility in spot EURUSD.
Despite the several economic indicators due for release that typically move the market’s needle, Tuesday’s data dump out of the Eurozone and US is anticipated to be broadly overlooked by forex traders judging by EURUSD implied volatility.