Market Brief March 13th: German ZEW today


Interestingly enough, the Governor of People’s Bank of China, Zhou Xiaochuan has said that digital currencies are technically “inevitable”. He points out that the main goal of cryptocurrencies was to enhance monetary convenience and save people from paying exchange costs. Howver, the highly speculative nature and unpredictable volatiltiy. From trading perspective, this is what is required – a market that moves by a significant amount. Until the governor makes the regulation official, we could continue trading those movements.

European Union


EUR, 10:00 a.m. GMT, German ZEW Economic Sentiment (Mar) – a crucial leading indicator lookong 6 months ahead in the economy. Last time, the reasing was better than expected and came out at 17.8 for the month of March. The outlook for the economy is based on the opinion of 350 institutional investors and analysts from Germany. Should the actual reading today beat expectations, this is to be read as a bullish signal for the euro. And, vice versus, a much weaker result that surprises the market should be read as having a negative impact on the currency.

The United States

USD, 12:30 p.m. GMT, Core CPI (MoM) (Feb) – a key measurement of purchasing trends and inflation from a consumer perspective. The Consumer Price Index measures the change in price of goods and services with the exception of food and energy. Market analyst projections are for a drop at 0.2% in February compared to 0.3% scored in January. The news coming out today is better than projected, this should boost the value of the dollar. A much lower result, however, would likely cause the currency to fall.


CAD, 14:15 p.m. GMT, BoC Gov. Poloz Speaks – the head of the Central Bank in Canada has the biggest sway when it comes to comments moving the currency. He comments and discusses economic conditions and factors that have brought to the current interest rates and monetary policy going forward.


Wishing you Happy and Successful trading!


Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.



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