EUR/USD, GBP/USD, DXY Price Forecast: ECB & Fed Decisions in Focus

Looking ahead, the focus shifts to upcoming significant events. For EUR/USD, key data releases include the ECB Monetary Policy Meeting Accounts and various Eurozone Service PMIs, with particular attention on the final figures and PPI data, which could indicate inflation trends and impact ECB’s decisions. Spanish and French bond auctions will also provide insights into investor confidence and borrowing costs in the region.

For GBP/USD, the UK’s Final Services PMI remains a critical indicator, providing a snapshot of the service sector’s health in the post-Brexit economy. Across the pond, the U.S. market anticipates Unemployment Claims, Trade Balance figures, and Natural Gas Storage data, while speeches from FOMC members Barkin, Mester, and Kugler will be closely monitored for clues on the Federal Reserve’s monetary policy direction.