EUR/USD DESK Fed–ECB divergence & level monitor
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connecting
EUR/USD —
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Open—
Prev close—
Day range—
52w range—
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Policy rate differential

Fed − ECB
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Fed funds (upper)—
ECB deposit rate—
Real spread—
Carry pips/day—
Carry pips/yr—
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Daily volatility

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today's high–low range
ATR(14) pips—
RV 20d ann.—
RV 60d ann.—
vs ATR(14)—
20d vs 60d RV—
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Divergence signal

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—/ 100
0 · euro50 neutraldollar · 100
52-week position—
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Key level ladder

Levels derived from the price series itself — moving averages, 52-week extremes, recent swing pivots and the round figures where strikes and stops cluster. Distance shown in pips and in ATR(14) units.

MajorStrong MediumMinorSpot

30-day rolling correlation — EUR/USD vs. VIX

Pearson correlation of daily returns. Negative = the euro falls as fear rises, the classic dollar-as-haven bid; positive = the dollar is being sold into stress, which usually means the story is about the US rather than Europe.

corr vs VIX—
corr vs S&P 500—
5-day Δ—

Rate path scoreboard

Where each bank has actually moved across the five decisions on the tape.

    Inflation & the real spread

    Policy rates deflated by each bloc's own headline print.