GBP was the weakest with the beginning of this week on the 8 English hostage crews in IRAN and the prolonged sentiment that the recent MPC voting on hiking rate in UK was not 9:0 like the last voting on the concerns over the industrial and manufacturing growth stance on this hiking pace. If it was so, this can lead to further GBP weakness.

CHF has got further gains on the recent unexpected SNB rate hike. That is beside the continued geopolitical concerns in the Middle East which were accompanied with a rise in oil and gold prices too. The trading can continue to be mixed and in a side way. You can try to be light till the FOMAC`s rate decision.

EUR/USD has looked heavy on the market focusing on the next FOMAC rate decision. ZEW couldn`t help the pair to cross to 1.2165 and this was weak technical signs as the data has come with profit taken and this week IFO can be met with the same manner. We see the main key of this week is this week US Q1 GDP final price deflator as a key of the inflation in US.

USD/JPY has reached 108 and it can be the interventions threat right now.