Laziness is nothing more than the habit of resting before you get tired.
USD
EUR/USD
The Euro stayed pressured at $1.1705 by rising inflation expectations and tightening financial conditions with an ECB survey showing households now expect around 4% inflation.
GBP/USD
The Pound Sterling softened slightly to $1.3510 as markets turned cautious ahead of key central bank decisions, while geopolitical tensions linked to the Iran situation added downside pressure through inflation and growth concerns.
USD/JPY
The South African rand weakened modestly to $16.57 as global risk sentiment deteriorated and lingering concerns around South Africa’s growth outlook and fiscal position added to the downside bias.
USD/MUR
The dollar–rupee climbed to 47.27 (selling) this morning.
5:30 AM AUD Consumer Price Index (YoY) (Mar)
5:30 AM AUD Trimmed Mean CPI (YoY) (Mar)
4:00 PM EUR Consumer Price Index (MoM) (Apr) Prel
4:00 PM EUR Consumer Price Index (YoY) (Apr) Prel
4:00 PM EUR Harmonized Index of Consumer Prices (YoY) (Apr) Prel
5:45 PM CAD BoC Interest Rate Decision
5:45 PM CAD BoC Monetary Policy Report
5:45 PM CAD BoC Monetary Policy Statement
6:30 PM CAD BoC Press Conference
10:00 PM USD Fed Interest Rate Decision
10:00 PM USD Fed Monetary Policy Statement
10:30 PM USD FOMC Press Conference
Technical News – EUR/USD
Double Zig-Zag (WXY) Structure; Larger-Degree Wave X Still Unfolding
Following a peak at $1.2078 on 26 January 2026, EUR/USD has retraced part of its 2025 gains, falling to $1.1411 before recovering toward the $1.17 area.
From an Elliott Wave perspective, the pair appears to have completed wave W and is currently unfolding a larger-degree wave X within a broader double zig-zag corrective structure (WXY). While elements of wave X's internal structure appear relatively mature, the overall corrective phase is still in progress.
The recent recovery toward $1.17 is therefore interpreted as part of this ongoing wave X, rather than the start of a new impulsive sequence. As such, once wave X completes, the pair is expected to transition into wave Y, resuming the broader corrective decline.
In this context, a move lower is anticipated over the coming months. In the near term, an initial downside target is seen at $1.1100, which marks a key support zone defined by the Fibonacci retracement (0.382) and the previous fourth wave of a lesser degree. Further downside extension remains possible as wave Y develops.
On the upside, a sustained break above the $1.20–$1.2078 area would invalidate the current WXY corrective scenario.
