Chinese Caixin Manufacturing PMI: Thursday, 1:45. This independent forward-looking survey is considered a reliable barometer for the direction of the world’s second-largest economy. It has been below 50 – the threshold separating expansion and contraction – in the past few months. A minor drop from 49.6 to 49.4 points is forecast. China’s economy has sufferedRead more about 01 August 2019[…]

Japan rate decision: Tuesday, early morning. The Bank of Japan would like to add monetary stimulus and match the actions of its peers – but is has few new tools in its shed. The BOJ already enacts a negative interest rate and keeps bond yields depressed with its massive QQE program. Governor Haruhiko Kuroda andRead more about 30 July 2019[…]

Nothing important for today EURUSD The daily timeframe shows that the pair is about to reach a strong support level that could be found at 1.1118. In case the pair shows up some bullish evidence, we can go long targeting the level of 1.1217. This is conditioned by the continuation of trading above the levelRead more about 24 July 2019[…]

US consumer sentiment: Friday, 14:00. The University of Michigan’s consumer sentiment gauge has been hovering around high levels in recent months, standing at 98.2 in June. The preliminary figure for July will likely be similar. USD US consumer sentime nt EURUSD Update: We remain the same. As could be seen on the chart above that theRead more about 19 July 2019[…]

Nothing important for today. EURUSD As could be seen on the chart above that the pair is traded above a strong support area located between 1.1118 – 1.12. We will be waiting for some bullish evidence to show up then we can go long targeting the level 1.13. Resistance levels: Support levels: Recommended: ▪ 1.1500 ▪ 1.1450Read more about 17 July 2019[…]

Canadian rate decision: Wednesday, 14:00. The Bank of Canada has shifted its policy towards a neutral one after maintaining a hawkish bias for a long time. The BOC does not intend to raise rates – at least for now. The Ottawa based institution is projected to leave the rate unchanged at 1.75%. Governor Stephen PolozRead more about 10 July 2019[…]

Japanese rate decision: Thursday, early morning. The Bank of Japan already enacts the loosest monetary policy in the developed world by committing to keep the 10-year yields depressed and with a negative interest rate. Nevertheless, the BOJ is far from its 2% inflation target. Will Governor Haruhiko Kuroda and his colleagues offer something new? TheyRead more about 04 July 2019[…]

Nothing important for today. EURUSD As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1447. One of our important findings on the chart is a bearish engulfing pattern that helped the USD to gain value against the EUR. Therefore, we are bearish as longRead more about 02 July 2019[…]

Japanese rate decision: Thursday, early morning. The Bank of Japan already enacts the loosest monetary policy in the developed world by committing to keep the 10-year yields depressed and with a negative interest rate. Nevertheless, the BOJ is far from its 2% inflation target. Will Governor Haruhiko Kuroda and his colleagues offer something new? TheyRead more about 27 June 2019[…]

UK inflation: Wednesday, 8:30. The Bank of England may be content that the annual level of consumer price index has hit 2.1% – almost at the BOE’s 2% target. Core CPI stood at 1.8% while retail prices were somewhat higher at 3%. The fresh figures for May will likely show a slide in headline CPIRead more about 26 June 2019[…]