EUR/USD: traders awaiting week ahead - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair trades basically unchanged ever since the week started, confined for these days in a 100 pips' range amid a lackluster macroeconomic calendar.

Key Quotes:

"The absence of a strong catalyst to motive investors has basically left all of the major pairs range bound, with some more action, but still limited, seen among the commodity-related bloc. 

In the data front, Europe released its March Industrial Production data that surprised to the downside, as it fell by 0.8% compared to February, whilst year-on-year basis, it grew by 0.2%, well below expectations of a 1.1% advance. US weekly unemployment claims rose beyond expected, with claims up to 294K, compared to the previously unrevised 274K. The week however, can end with more action, given that the EU will release its Q1 GDP figures alongside with Germany ones, whilst the US will publish its latest PPI and Retail Sales figures."