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[…]

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 18 December 2020[…]

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[…]