After a bright start new quarter on Friday, strengthens the feeling that the Forex market is going to adjust this week. Yesterday's speaker was a reflection of what we saw during the first quarter, where the main winners of the first quarter (such as the Swedish krona) has got the most. In addition, there is a sense that the currency was moving all over the expectations of changes in rates (sterling and euro), are now nervous. Of course, there is concern that the ECB will not raise rates, but the data do not strongly support such an attitude from the ECB, and even more from the Bank of England. Today, only the final published data on the Eurozone PMI, and the U.S. markets will focus on prospects for growth in the first quarter, which the U.S. and even more for Britain appear to prove worse than expected at the beginning of the year.
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