EUR/USD and EUR/JPY could experience increased volatility ahead of key events later this week, including monetary policy announcements from the Fed, the ECB and the Bank of Japan.

Stocks began the week in a rather timid fashion as markets await massive event risk in the form of Fed and ECB rate decisions. US PCE to advance disinflationary progress

The Fed and BoJ monetary policy announcement later this week will be key in determining the near-term directional bias of USD/JPY.

Cable struggled this morning as UK PMI painted a concerning picture with rising interest rates clearly starting to take a toll on the UK economy. Tough job ahead for the BoE.

Gold is treading water at the start of a week packed full of potential high impact risk events.

​​The FTSE 100 and Dow have started the week well after their recent surges, while the Dax is still moving sideways. ​

The euro immediately sold off after German PMI’s missed forecasts ahead of the ECB’s highly anticipated rate announcement later this week.

The New Zealand dollar is holding its recently established ranges against some of its peers. What is the outlook for NZD/USD, AUD/NZD, and EUR/NZD?