US growth and inflation data provide the pick of the bunch this week. CPI in Germany will influence ECB rate cut expectations and will a quiet week in the UK benefit GBP?

Inflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.

This article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE data.