EUR/USD suffered under pressure from the US dollar and as the German elections near. Is this just a correction after reaching new highs? Or has the rally peaked? Inflation data and PMIs stand out now. Here is an outlook for the highlights of this week. CPI (final): Monday, 9:00. The numbers will likely be confirmed in the final read.Bundesbank Monthly Report: Monday, 10:00. An upbeat assessment will support Chancellor Angela Merkel. ...
The US dollar staged an impressive recovery, based on better data, political calm and more. Is this a correction or a total change of trend? The highly anticipated Fed decision is easily the most important event. US housing data: Tuesday, 12:30. Housing starts were somewhat lower, at 1.16 million and are now projected to rise to 1.18 million.US Existing Home Sales: Wednesday, 14:00. They are expected to increase to 5.46 million now. ...
The DAX broke higher during the week, after initially dipping down towards the €12,000 level. By breaking the top of the hammer from the previous week, this is a bullish sign and it looks as if were going to go looking for the €12,500 level above. That is an area that should be resistive, but in the overall look of the market, I believe we will be able to overcome that barrier. The DAX has been in an uptrend for some time, and should continue to be based ...
Looking ahead to the coming week, after the focus on the dollar and the euro over the last couple of weeks, it is the turn of the pound to be in focus in the coming week as we have the CPI data and the rate announcement and statement from the BOE. We also have the CPI and PPI data from the US in the coming week and a combination of all these should guarantee a lot of volatility in the GBPUSD pair. The price is now in a key region and clean and clear ...
The US dollar was under pressure but managed to stage a comeback. The upcoming week features rate decisions in Australia, Canada, and the euro-zone, as well as other events. Here are the highlights for the upcoming week. Australian rate decision: Tuesday, 4:30. Will they try to talk down the currency now?UK Services PMI: Tuesday, 8:30. The publication has a significant impact on the pound.Australian GDP: Wednesday, 1:30.US ISM ...
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