Japan GDP data, inflation figures from the UK and the US, Employment data from the UK the US, New Zealand and Australia, US FOMC Meeting Minutes release and Manufacturing Index. These are the highlights on forex calendar. Japan GDP data: Sun, 23:50. GDP growth in the second quarter is expected to be 0.2%.UK inflation data: Tuesday, 8:30. UK CPI forecast for July is expected to be 0.5%.Eurozone German ZEW Economic Sentiment: Tuesday, ...
Trading the News: U.S. Non-Farm Payrolls Another 180K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by a downtick in the jobless rate may boost the appeal of the greenback and trigger further losses in EUR/USD as it puts pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. What’s Expected: Why Is This Event Important: Even though Fed Funds ...
Trading the News: Federal Open Market Committee Interest Rate Decision Another unanimous vote by the Federal Open Market Committee (FOMC) to retain the current policy may dampen the appeal of the greenback and spark a near-term advance in EUR/USD as market participants push out bets for the next rate-hike. What’s Expected: Why Is This Event Important: With Fed Funds Futures reflecting limited ...
Since the day after the Brexit vote, EUR/USD has been trading in a fairly tight trading range on low volume. In fact, the highest high to the lowest low for the past 20 trading days is the tightest range seen in EUR/USD since August 2014. Beginning June 24 to today, the highest high is 1.1185 and the lowest low price is 1.0951. Therefore, if price pushes down to 1.0900-1.0951, we could see some volatility kick up as traders jockey for bullish support versus a bearish break. ...
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 ...
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