EURUSD, Daily timeframe Bias: Pair in Uptrend The pair formed a slightly bullish candle on Monday. We would need a lot more bullishness from the euro in order to see the pair move in line with the uptrend. A couple of daily candles could provide the necessary bullishness. Scenario 1: Price could test the immediate
United Kingdom GBP 09:30 a.m. CPI (YoY) (Nov) –a key measurement of inflation and purchasing trends from consumer point of view. The Consumer Price Index measures the change in the price of goods and services. Projections show no change at 3.0% for November, same as last year during the same time. If the actual reading
EURUSD, Daily timeframe Bias: Pair in Uptrend On Friday, we saw a rejection of the 1.1700 support area. We’re yet to see if bulls will regain control over price action. With the beginning of the week we could see a retest of immediate levels. We’re monitoring the following scenarios: Scenario 1: Price drops to retest
Happy Monday, Traders! First business day of the week is here with a focus on the high-impact news from the U.S. United States USD 15:00 p.m. GMT, JOLTS Job Openings (Nov)- the survey gives accurate statistical data of job vacancies. In particular, it summarizes information provided from employers about the employment of their businesses, recruitment,
EURUSD, Daily timeframe Bias: Pair in Uptrend Little change was scored on Thursday. We saw price move toward opening price in the late afternoon. We’re yet to see the market react upon the Nonfarm payrolls coming out. Scenario 1: So far, the week has decreased by 97 pips. It will be interesting to see if
It’s the first Friday of the month and traders and investors are preparing for the big event of the week- Nonfarm Payrolls. Before that we have news from the United Kingdom. United Kingdom GBP 09:30 a.m. GMT, Manufacturing Production (MoM) (Oct) – a major indicator playing a key role in the economy of the U.K.
EURUSD, Daily timeframe Bias: Pair in Uptrend The euro continued to fall on Wednesday with about 40 pips. The current situation shows a pullback from the resistance at 1.1900. We’ll have to await more price action until Friday when the Nonfarm payrolls is due. We’re monitoring the following scenarios: Scenario 1: Price could continue to
Canada CAD 15:00 p.m., GMT, Ivey PMI (Nov) –The Purchasing Managers Index is a leading indicator giving insights to the performance of companies. A level above 50 signifies expansion and growth of the business sector while a performance below that level could signal a contraction. The result for the previous period was at 63.8. If