Chinese Industrial Production: Thursday, 2:00. Data from the world’s second-largest economy has grown in the importance of late, especially after the authorities set a lower GDP growth forecast. Industrial output rose by 5.7% in January, lower than had been expected. A similar figure is likely now.     CNY Chinese Industrial Production EURUSD Update: WeRead more about 14 March 2019[…]

Nothing important for today!     EURUSD Update: The pair is on its way to the downtrend line. The daily timeframe shows that the pair is heading towards the downtrend line shown on the chart in red. We will be waiting for the pair to reach this level, then in case it shows up some bearishRead more about 13 March 2019[…]

K GDP: Tuesday, 9:30. The UK will now release the monthly GDP figure for January, the first look into 2019. The economy shrank by 0.4% in December, a disappointed that kept Q4 growth depressed. However, the UK economy is still expanding and an increase in monthly GDP is likely now. Manufacturing output is also likelyRead more about 12 March 2019[…]

ECB decision: Thursday, the decision at 12:45, press conference at 13:30. The European Central Bank acknowledged the slowdown by saying that “risks are moving to the downside.” However, President Mario Draghi and his colleagues continued signaling that they intend to raise rates this year, by pledging low rates “through the summer.” Will they push backRead more about 07 March 2019[…]

Australian GDP: Wednesday, 00:30. The Australian economy slowed down quite considerably slowed down in Q3, 0.3%, a third of the of the pace in Q2. The outcome for Q4 will unlikely improve as the whole world slowed down, including China, Australia’s No. 1 trading partner. US ADP Non-Farm Payrolls: Wednesday, 13:15. Automated Data Processing isRead more about 06 March 2019[…]

Australian rate decision: Tuesday, 3:30. The Reserve Bank of Australia left its interest rate unchanged at 1.50% in the past two and a half year or so. In the previous decision in February, the Bank also left the statement unchanged. However, consequent appearances by Governor Phillip Lowe and the Statement of Monetary Policy showed aRead more about 05 March 2019[…]

Monetary Data: Wednesday, 9:00. M3 Money Supply improved to 4.1% in December and the forecast for January stands at 4.0%. estimate of 3.8%. Private Loans has been steadily moving higher, and the trend is expected to continue, with a forecast of 3.4% for January     EUR Monetary Data EURUSD Update: No changes. We remainRead more about 27 February 2019[…]

German GfK Consumer Climate: Tuesday, 7:00. Consumer confidence improved to 10.8 points in January, easily beating the estimate of 10.3 points. Another gain of 10.8 points is expected in February.     EUR German GfK Consumer Climate EURUSD The daily timeframe shows that the pair is traded above a strong support level that is 1.13Read more about 26 February 2019[…]