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Forex Fundamental Analysis-08/03/2022


· General mood is “risk off”

· Consolidation day on currencies in Asia

· Euro continues t test new lows

What’s Moving

A largely quiet session in Asia today, with no fresh news out of the Ukraine and with local players consolidating wild swings from overnight trade.

A lack of local data saw most players sidelined.

The only major mover today was the Euro, which plumbed fresh new lows. Other than that, currencies held tight ranges.

Data tonight sees:

· German Industrial Production (E: +0.5%)

· Euro-zone GDP (E: +0.3%)

· Euro-zone Employment Change (E: 0.5%)

· U.S. Trade Balance (E: -87.5bln)


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