There two strong market catalysts on Tuesday, both could spur volatility in the markets concerned. United Kingdom GBP, 09:30 a.m. GMT +1, CPI (YoY) (Aug) – the index measure inflation from the perspective of consumers, in particular, the change in the price of goods and services. The results due are for the month of August.
EURUSD, Daily timeframe Bias: Uptrend On Monday, the euro respected the resistance level at 1.2067 and dropped about 64 pips. The scenarios monitored are: Scenario 1: This could be price temporarily retracing to immediate resistance levels, namely the support at 1.1900. If price on the daily timeframe rejects the level, this could be suitable spot
New week ahead. Monday starts with events coming out from Japan, the EU and Canada. Let’s see what those are. Japan JPY 05:30 a.m. GMT + 1, Tertiary Industry Acvitivty Index (MoM) – the index is a leadign indicator of economic health. It measures the change in the total value of services bought by businesses.
EURUSD, Daily timeframe Bias: Uptrend On Friday, the most traded and liquid pair respected the Resistance at 1.2067 and closed about 30 pips below it. It should be noted that we do not have a bearish engulfment candle so price is currently testing the resistance but still there is no sign of a retracement to
On Friday, we have three major market-moving news from 3 economies. Currencies of the respective countries are likely to be impacted and potential opportunities could occur. Japan JPY 00:50 a.m. GMT + 1, GDP (QoQ) (Q2) – Gross Domestic Product for the second quarter of 2017 will be the first focus of the day. The
EURUSD, Daily timeframe Bias: Uptrend On Thursday the pair reached the first target level we discussed at 1.2068. The euro was boosted by Mario Draghi’s positive outlook about the Euro Zone. Question is where to from now on? Scenario 1: The established main trend is a bullish one- this would involve a long-term positive outlook
It’s going to be a busy day across markets. We have news coming in from Australia, Europe, Canada and the United States. All of those are high-impact events to shake up the markets. Australia AUD, 02:30 a.m. GMT +1, Retail Sales (MoM) (Jul) – analyst expectations are for no change at 0.3%, same as last
EURUSD, Daily timeframe Bias: Uptrend The euro dollar pair traded above the Resistance level at 1.1900 on Tuesday. The pair gained a mere 24 pips but today, we could see a lot more action, especially with the interest rate decision coming out from the ECB. On Tuesday, we also had Fed’s Fischer announce his resignation