A busy week saw plenty of action in the yen and the pound, and a stronger dollar in general. A jey German survey, GDP data from the UK Canada and the US and rate decisions in the US and in Japan stand out. These are the major events on forex calendar. G20 Meetings: Sat-Sun. The UK and Japan are expected to lead the discussion towards co-ordination in fiscal spending with monetary policy.German Ifo Business Climate: Monday, 8:00. German ...
Daily price is on bearish breakdown to be started on open D1 bar for now: the price is testing 1.1001 support level to below for the bearish breakdown to be continuing. Chinkou Span line is located below the price for the bearish market condition by the breakdown by the direction.Absolute Strength indicator is estimating the primary bearish trend to be started after ranging bearish condition.Trend Strength indicator is evaluating ...
A very busy week saw the pound stage a recovery but erode the gains while the yen was the back foot. The upcoming week features UK Inflation and employment data, the ECB’s rate decision, US housing figures and more. These are the main events on forex calendar. UK Inflation data: Tuesday, 8:30. Analysts expect policymakers will issue economic stimulus to increase inflation. UK inflation is expected to rise 0.4% this time.German ZEW ...
Rate decision in the UK and Canada, Employment data in the US and in Australia, US Producer Prices, Inflation data, Retail sales, Consumer Sentiment. These are the main market movers on forex calendar. Canadian Rate decision: Wednesday, 14:00. July’s meeting is exactly one year after the last rate cut, down from 0.75% to 0.50%.US Crude Oil Inventories: Wednesday, 14:00.Australian Employment data: Thursday, 1:30. ...
Week Ahead: Relative Value Trades With Degrees of Separation From The Brexit Trade Credit Agricole was analysiing the Brexit situation onto the forex price movement with the taking into account the pairs with the good degrees of the separation from the Brexit trade for example: "Our preference still is for relative value trades like long AUD/NZD.""We stick with our long USD/CAD call as we maintain our constructive view on USD overall especially against G10 commodity ...
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