EUR/USD DESK Fed–ECB divergence & level monitor
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EUR/USD
Open
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Day range
52w range

Policy rate differential

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

Daily volatility

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

Divergence signal

/ 100
0 · euro50 neutraldollar · 100
52-week position

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.