12 February 2020 powered by Land-FX Industrial Production: Wednesday, 10:00. This manufacturing indicator improved to 0.2% in November, up from -0.5%. However, this missed the forecast of 0.3%. Analysts are braced for a decline of 1.8% in December.     EUR Industrial Production EURUSD As could be seen on the chart above that the pair is traded aboveRead more about 12 February 2020[…]

29 January 2020 powered by Land-FX Australian CPI: Wednesday, 00:30. The land down under releases inflation figures only once per quarter, making every publication substantial. Headline Consumer Price Index carries expectations of accelerating from 0.5%to 0.6% in the fourth quarter of 2019 while the Trimmed Mean CPI (core) is projected to repeat the rise of 0.4% thatRead more about 29 January 2020[…]

24 January 2020 powered by Land-FX Eurozone flash PMIs: Friday, 8:15 in France, 8:30 in Germany, and 9:00 for the whole eurozone. Markit’s forward-looking guidance figures for December mostly showed growth – apart from in German manufacturing, the most important sector. That Purchasing Managers’ Index dropped to 43.7 points, well below the 50-point threshold separating expansion fromRead more about 24 January 2020[…]

22 January 2020 powered by Land-FX Canada rate decision: Wednesday, 15:00. The Bank of Canada has left its interest rates unchanged throughout 2019 and it is unlikely to stray away from this trend in the first decision of 2020. While the labor market is off the peak of early last year, the recent jobs report wasRead more about 22 January 2020[…]

17 January 2020 powered by Land-FX Chinese GDP: Friday, 2:00. Many doubt the accuracy of the data from the world’s second-largest economy, as it tends to match the desires of the ruling party. Nevertheless, the publication rocks markets. After growing at a yearly pace of 6% in the third quarter, economists expect a 6.1% growth rate forRead more about 17 January 2020[…]

15 January 2020 powered by Land-FX UK inflation: Wednesday, 9:30. Lower energy prices and other factors have contributed to a drop in British CPI – 1.5% yearly in November 2019. The figures for December are expected to remain unchanged, while Core CPI will likely remain stable around 1.7%.     GBP UK inflation EURUSD As couldRead more about 15 January 2020[…]

US Non-Farm Payrolls: Friday, 13:30. November’s jobs reports was a blockbuster – no fewer than 266,000 jobs were gained in the world’s largest economy. Alongside upward revisions to previous months and a healthy yearly wage increase of 3.1%, the dollar advanced nicely. Expectations for December’s report are more cautious. Economists foresee an increase of 172,000Read more about 10 January 2020[…]

Euro-zone inflation: Tuesday, 10:00. November’s Consumer Price Index figures were quite encouraging. Headline CPI stabilized at 1% yearly while Core CPI accelerated to 1.3%, matching the peak 2019, which was the highest since 2013. The preliminary release for December 2019 is forecast to show that underlying inflation remained at 1.3% while headline prices accelerated toRead more about 07 January 2020[…]

Nothing important for today!     EURUSD Update: The pair reached our target. The chart above shows that the pair is traded above a strong support level that is 1.1050. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.1170.   Resistance levels: Support levels: Recommended: ▪ 1.1500 ▪ 1.1400Read more about 27 December 2019[…]

Nothing important for today!       EURUSD The chart above shows that the pair is traded above a strong support level that is 1.1050. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.1170.   Resistance levels: Support levels: Recommended: ▪ 1.1500 ▪ 1.1400 ▪ 1.1200 ▪ 1.1050 ▪ 1.1000 ▪ 1.0950Read more about 26 December 2019[…]