Nothing is important for today!     EURUSD The chart above shows that the pair is trading above a strong support level. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.18 followed by 1.1850. On the other hand, if the pair manages to break through theRead more about 27 October 2020[…]

Nothing important for today!     EURUSD Update: No changes! We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1800 followed by 1.1750.Read more about 23 October 2020[…]

RBA Monetary Policy Meeting Minutes: Tuesday, 00:30. The Reserve Bank of Australia left interest rates unchanged at its policy meeting earlier this month, but dropped a broad hint that it could trim rates before the end of the year. The meeting minutes will shed some light on the deliberations at the meeting. German PPI: Tuesday,Read more about 20 October 2020[…]

Eurozone Inflation Report: Friday, 9:00. Deflation remains a major concern for ECB policymakers. Inflation declined by 0.2% in August and the markets are braced for a -0.3% reading in September.     EUR Eurozone Inflation Report EURUSD Update: First target was hit. As could be seen on the chart above that the pair is trading belowRead more about 16 October 2020[…]

Australian Employment Report: Thursday, 00:30. The economy created 111.0 thousand jobs in August, blowing past the estimate of -40.0 thousand. However, the forecast for September stands at -35.0 thousand. The unemployment rate is projected to rise to 7.1% up from 6.8%.     AUD Australian Employment Report EURUSD Update: We remain the same. As could beRead more about 15 October 2020[…]

Canada ADP Non-Farm Employment Change: Wednesday, 12:30. Canada Employment Change for September sparkled last week, with a read of 378.2 thousand, crushing the estimate of 150.0 thousand. Will the ADP release also point to strength in the labor market?     CAD Canada ADP Non-Farm Employment Change EURUSD As could be seen on the chartRead more about 14 October 2020[…]

FOMC Meeting Minutes: Wednesday, 14:00. The Federal Reserve releases the minutes of its September policy meeting. Investors will be interested to hear the views of policymakers as to the health of the US economy in light of the persistent Covid-19 pandemic     USD FOMC Meeting Minutes EURUSD The chart above shows that the pairRead more about 07 October 2020[…]

Eurozone Unemployment Rate: Thursday, 9:00. The bloc’s unemployment rate has been steadily increasing and reached 7.9% in August. The upward trend is expected to continue in September, with an estimate of 8.1%.     EUR Eurozone Unemployment Rate EURUSD Update: First target was hit. As could be seen on the chart above that the pair isRead more about 02 October 2020[…]

Eurozone Unemployment Rate: Thursday, 9:00. The bloc’s unemployment rate has been steadily increasing and reached 7.9% in August. The upward trend is expected to continue in September, with an estimate of 8.1%.     EUR Eurozone Unemployment Rate EURUSD As could be seen on the chart above that the pair is trading above a strongRead more about 29 September 2020[…]

Eurozone PMIs: Wednesday, 7:15 in France, 7:30 in Germany, and 8:00 for the whole eurozone. In August, German and eurozone manufacturing PMIs pointed to very slight expansion, with readings of 52.2 and 51.7, respectively. The French index came in at 49.8, just below the 50-level, which separates contraction from expansion. The Services PMIs for allRead more about 23 September 2020[…]