Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
The single currency has been struggling against the USD since it reached 1.155 area, the highest since October, earlier this month as economic numbers disappointed. The focus is on tomorrow’s monetary policy meeting of the European Central Bank and the subsequent decision. Though the central bank is not expected to take actions, the investors and traders would be looking for clues to future rate hikes amid the weakening global environment.
Heading to tomorrow’s rate decision, the retail sentiment is pointing to further slide in euro.
According to data from IG markets, the retail long position is currently almost double in size compared to the shorts. 66 percent of the retail positions are on the long side, while 34 percent of positions are short on the single currency. The retail sentiment is a useful indicator.
