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The euro moved mixed against almost all the G10 basket and the EUR/USD pair is moving higher ahead of the ECB President Mario Draghi’s speech. In the U.S., the jobless claims rose to a six-week high level and the USD/CAD pair struggles below 1.2790. 

The main focus today will be on the E.U. CPI. The EUR/USD pair had an aggressive roller coaster and ended the day in red during yesterday's trading session. The AUD/USD pair moved lower and is printing the fifth straight bearish week. Also, the USD/JPY pair slipped below 112.95 but is currently covering some losses.

EUR/USD had a strong bullish day while GBP/USD remains above the ascending trendline and the U.S. dollar is traded soft ahead of the U.S. CPI report. USD/JPY is creating the third negative day due to BoJ Governor Kuroda’s comments; further losses are expected.

EUR/USD remains in 1.1575 - 1.1650 range, though euro had an overall positive outlook on Monday coming from optimistic comments from ECB Constancio. GBP/USD had a neutral day but we are expecting it to lose some ground. USD/CAD completed its downward correction and returned to rising mode.

A plethora of market indicators that will influence the market are scheduled for this week. In the Euro area, the CPI and GDP will be closely monitored, while in the U.K. CPI, GDP and employment report will be released. The U.S. CPI is also coming out.

Euro is adding gains after five negative days against the U.S. dollar following the economic growth forecasts. USD/CAD is falling as the Canadian dollar is rising due to a bunch of reasons. The oil prices are globally higher, BoC Governor Stephen Poloz is very optimistic and housing sector expands unexpectedly strong. 

The market was in a consolidation mode overall on Wednesday in the absence of market driver data. Kiwi had a bullish day after RBNZ meeting as central bank was more optimistic than before. The USD/CAD pair remains in a correction tone to the downside due to positive Canadian housing data.

The euro was traded mixed against the G10 currencies due to mixed data from ECB President Mario Draghi and economic indicators. Kiwi is the center of focus today, ahead of the first RBNZ policy meeting with governor Grant Spencer.

EUR/USD had another neutral day despite the drop of the euro versus the majors. USD/JPY recorded a 7-month high while BoJ Governor Kuroda commented that central bank will keep its stimulus measures for a long time. Sterling enjoyed a winning day despite the pessimistic comments from BoE Governor Carney.

Two policy meetings from RBA and RBNZ will impact the market, while in the Euro area, the economic growth forecasts that will be released by the European Commission will be closely eyed. Various speeches from central bank’s chiefs will take place as well.

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