Forex Preview: 01/03/2023 - Euro traders lock gaze on Eurozone inflation data

With data suggesting that the Euro area may have dodged a severe recession, and underlying inflation not showing any signs of slowing yet, investors have dramatically raised their ECB hike bets. Ergo, this week, they may be sitting on the edge of their seats in anticipation of Thursday’s preliminary CPI data as they try to figure out whether the ECB will proceed with the telegraphed 50bps hike or a bigger increment. The data comes out at 10:00 GMT and the enigma is whether the numbers will be able to revive the euro.

0:00 Intro
0:23 ECB
0:59 CPI
1:25 EU Economy
1:40 ECB hike bets
2:19 Euro
3:20 EURUSD

For more information on the topics discussed in this video, including detailed charts and tables, read the full Forex Preview article:

https://www.xm.com/research/analysis/forexPreviews/xm/euro-traders-lock-gaze-on-eurozone-inflation-data-forex-news-preview-175340

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