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The US dollar rallied on the Fed decision but its strength faded away. What’s next? The German elections, durable goods orders, and several GDP publications stand out as Q3 draws to a close. Here are the highlights for the upcoming week. New Zealand elections: Saturday. The polls indicate that everything is possible.German elections: Sunday, results are due before markets open in Asia. All in all, a victory for Merkel would be positive ...
EUR/USD dropped to lower ground, but gradually recovered, holding onto known ranges. The German elections provide a strong start to the week, which continues with inflation figures and other data. Here is an outlook for the highlights of this week. German elections: Sunday, results are due before markets open in Asia.All in all, a victory for Merkel would be positive for the euro, but this is mostly priced in.German Ifo Business Climate ...
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 ...
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