UK Employment Report: Tuesday, 7:00. Wage growth has been steadily improving and posted a gain of 1.3% in September, its first gain in five months. The upswing is expected to continue in October, with an estimate of 2.2%. Claimant Count fell by 29.8 thousand in October but is expected to rise by 10.5 thousand inRead more about 15 December 2020[…]

French Final CPI: Friday, 7:45. The eurozone’s second-largest economy has not been able to generate any inflation, and CPI came in at 0.0% in October. We now await the November data.     EUR French Final CPI EURUSD Update: First target was hit. The chart above shows that the pair is trading above a strong supportRead more about 11 December 2020[…]

German ZEW Economic Sentiment: Tuesday, 10:00. The indicator has been falling fast and fell to 39.0 in November, which points to deep contraction. The December estimate stands at 45.2 points.     EUR German ZEW Economic Sentiment EURUSD The chart above shows that the pair is trading above a strong support level that is 1.2080.Read more about 08 December 2020[…]

German Factory Orders: Friday, 10:00. Factory orders slowed to just 0.5% in September, down from 4.5% beforehand. The forecast for October stands at 1.1%.     EUR German Factory Orders EURUSD Update: Targets were hit. The chart above shows that the pair is trading above a strong support level that is 1.2000. Therefore, we are bullishRead more about 04 December 2020[…]

German Retail Sales: Wednesday, 7:00. Retail sales slumped in September, with a reading of -2.2%. This marked a 5-month decline. However, a rebound is projected for October, with a consensus of 1.1%.     EUR German Retail Sales EURUSD The chart above shows that the pair is trading above a strong support level that isRead more about 02 December 2020[…]

Nothing important for today!     EURUSD Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1900 followed by 1.1850.   ResistanceRead more about 27 November 2020[…]

German Final GDP: Tuesday, 10:00. After a decline of -9,7% in Q2, analysts expect the German economy to rebound in Q3, with an estimate of 8.2%.     EUR German Final GDP EURUSD As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2000. Therefore,Read more about 24 November 2020[…]

Nothing is important for today!     EURUSD Update: No changes! We remain the same. The chart above shows that the pair is trading below a strong resistance level that is 1.1965. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1750.   Resistance levels: Support levels: Recommended:Read more about 20 November 2020[…]

RBA Monetary Policy Meeting Minutes: Tuesday, 00:30. The RBA minutes will provide details of the RBA meeting earlier in November. At the meeting, policymakers held rates at 0.10%, a record low.     AUD RBA Monetary Policy Meeting Minutes EURUSD The chart above shows that the pair is trading below a strong resistance level thatRead more about 17 November 2020[…]

GDP: Friday, 10:00. After a dismal Q2, when the eurozone contracted by 12.1%, a strong rebound is expected in Q3, with a forecast of 12.7%. If the actual reading is within expectations, the euro could receive a boost.     EUR GDP EURUSD Update: No changes – we remain the same. As could be seen onRead more about 13 November 2020[…]