German CPI: Friday, 7:00. Inflation showed a respectable gain of 0.8% in February and the second-estimate forecast is expected to come in at 0.7%. British GDP: Friday, 7:00. The monthly GDP report showed a gain of 1.2% in December, rebounding from -2.6% beforehand. Will we see another gain in January? Canada Employment Report: Friday, 13:30.Read more about 12 March 2021[…]

Eurozone Revised GDP: Tuesday, 10:00. The second estimate for growth in Q4 of 2020 stands at -0.6%, which would confirm the initial estimate. The lack of economic growth can be attributed to the strict health restrictions due to Covid-19.       EURUSD As could be seen on the chart above that the pair isRead more about 8 March 2021[…]

Nothing important for today!       EURUSD Update: On its way to its downside target. As could be seen on the chart above that the pair is trading above a strong support level that is the uptrend line. Therefore, we are bullish as long as the pair is trading above it. Our first target isRead more about 5 March 2021[…]

Nothing important for today!       EURUSD As could be seen on the chart above that the pair is trading above a strong support level that is the uptrend line. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2150 followed by 1.2200. On the otherRead more about 2 March 2021[…]

French Final CPI: Friday, 7:45. Inflation in the eurozone’s second-largest economy remains weak. The index has gained 0.2% in the past two months, and the estimate for January stands at 0.2%. US Manufacturing PMI: Friday, 14:45. Manufacturing PMI continues to indicate a strong expansion. The PMI rose to 59.1 in January and the upcoming readingRead more about 19 Feb 2021[…]

Eurozone GDP: Tuesday, 10:00. The Covid pandemic has resulted in huge swings in the economy, with GDP readings of -12.1% and +12.6% in Q2 and Q3 of 2021, respectively. The economy is expected to level off in Q4, with an estimate of -0.7%.   EUR Eurozone GDP   EURUSD As could be seen on theRead more about 16 Feb 2021[…]

Market Overview     EURUSD   UPDATE: First target has been hit. As could be seen on the chart above that the pair is trading above a strong support level that is 1.1913. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2100 followed by 1.2200.   GBPUSDRead more about 12 Feb 2021[…]

Raw Materials Price Index: Tuesday, 13:30. This inflation indicator rebounded in October with a gain of 0.5%, after a decline of 2.2% beforehand. We now await the November data.     CAD Raw Materials Price Index EURUSD As could be seen on the chart above that the pair is trading below a strong resistance levelRead more about 05 January 2021[…]

Nothing important for today!       EURUSD Update: Target was hit. The chart above shows that the pair is trading above a strong support level that is 1.2150. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2260.   Resistance levels: Support levels: Recommended: ▪ 1.2300 ▪ 1.2280 ▪ 1.2260Read more about 25 December 2020[…]

Nothing important for today!       EURUSD The chart above shows that the pair is trading above a strong support level that is 1.2150. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2260.   Resistance levels: Support levels: Recommended: ▪ 1.2300 ▪ 1.2280 ▪ 1.2260 ▪ 1.2150 ▪ 1.2120 ▪ 1.2100Read more about 22 December 2020[…]