Today there will be little that is interesting, so the market will be rather sluggish. The first thing to pay attention to is the ZEW economic sentiment index, which should drop from 35.6 to 34.2. In the absence of any significant data, the market will try to catch at least for something. In this regard, we can safely assume that the single European currency will begin to lose its positions already in the afternoon. However, the movement will not be strong.
Then you should not miss the data on housing prices in the US, which should grow by 0.4%. This indicator is ahead of inflation, and it is obvious that if forecasts are justified, many investors will conclude that inflation in the US will soon begin to grow again. This will be further supported by the dollar, which will begin to strengthen against all major currencies.
The euro / dollar currency pair is likely to decline systematically to 1.1760 / 1.1730.
The pound / dollar currency pair continues to form a flat movement 1.2840 / 1.2910. Probably suppose another rapprochement with the lower boundary of 1.2840, with an attempt to break it and directing us to the level of 1.2770.
