EUR/USD certainly felt the decision of the ECB in a week that unleashed some volatility and sent the euro tumbling down. The upcoming week features inflation and GDP data among other events. Here is an outlook for the highlights of this week. German retail sales: Monday, 7:00. The largest economy in the euro-zone saw consumption sliding by 0.2% in August. For the month of September, a rise of 0.5% is expected. Germany’s economy leans ...
For starters, we may very well see a bounce and retest of the neckline around the 11670-threshold. Retesting the ‘neckline’ is a fairly common occurrence and can offer traders a spot to establish (or add to) short positions. We may even see a stronger bounce develop back above resistance, but is likely to prove short-lived if the topping formation is to exert downward pressure. At this time, it will require a move above the trend-line running down off the September high and overtaking of Thursday’s ...
EUR/USD was under some pressure on the ongoing crisis in Catalonia. The upcoming week is dominated by the all-important ECB decision. What will be the new size of the QE program? Here is an outlook for the highlights of this week. German Buba Monthly Report: Monday, 10:00.Consumer Confidence: Monday, 14:00. The official measure of inflation by Eurostat got very close to reaching a balanced level of 0, but remains in negative numbers. ...
The US dollar advanced against most currencies, but the moves were limited.The upcoming week is quite busy, featuring initial GDP reads from the US and the UK, rate decisions from the BOC and the ECB, and more. Japanese elections: Sunday, results expected before markets open.Australian CPI: Wednesday, 00:30. Headline CPI is expected to rise by 0.8% and core CPI by 0.5%.UK GDP (first release): Wednesday, 8:30. Has the economy picked ...
EUR/USD was under pressure once again, dropping for the second week in a row. The upcoming week’s highlight is a speech by Mario Draghi. Here is an outlook for the highlights of this week. German Industrial Production: Monday, 6:00.Sentix Investor Confidence: Monday, 8:30. This 2800 strong survey has stabilized on high ground in recent months. Back in September, it reached 28.2 points. Another small rise to 28.6 is on the cards for ...
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