• EUR/USD up a quarter of a percent in thin market open.
• ECB President Lagarde spoke on Monday, reiterates inflation stance.
• Inflation prints due this week, US PCE to be a key data print on Thursday.

EUR/USD saw a thin start to a hectic week on the economic calendar as markets ease into Monday action. EUR/USD rose around a quarter of a percent on Monday as technicals remain crimped ahead of a slew of price inflation and growth figures due on both sides of the pond.

Tuesday kicks things off with US Durable Goods Orders, and Wednesday delivers EU Consumer Confidence and US Gross Domestic Product (GDP) growth figures in the midweek. Thursday sees the euro area make its late data entrance to the trading week with German Retail Sales and Consumer Price Index (CPI) inflation. January’s US Personal Consumption Expenditure Price Index is also due on Thursday.

Daily digest market movers: quiet Monday trading sees EUR/USD pinned as investors await key data

• European Central Bank (ECB) President Christine Lagarde noted on Monday that inflation continues to ease towards ECB targets, remains committed restrictive policy measures for the time being.
• Read more: ECB President Lagarde says restrictive policy stance acts as a safeguard against wage-price spiral.
• Germany’s Gfk Consumer Confidence Survey for March due Tuesday, expected to recover to -29.0 from -29.7.
• US Durably Goods Orders in January are also due Tuesday, forecast to decline 4.8% versus the previous 0.0%.
• Wednesday to hinge on US Q4 GDP, forecast to hold steady at 3.3% through the four quarters.
• Thursday’s German Retail Sales expected to slightly recover to -1.5% for the year ended January compared to the previous period’s -1.7%.
• German CPI for February forecast to ease to 2.7% YoY versus the previous 3.1%.
• US Core PCE Price Index expected to print at 0.4% MoM in January versus the previous 0.2%.