Trading the News: U.S. Consumer Price Index (CPI) What’s Expected: Even though Fed officials see scope for two rate-hikes in 2016, signs of a slower-than-expected recovery may push the Federal Open Market Committee (FOMC) to further delay the normalization cycle amid the external risks surrounding the real economy. However, stronger wage growth paired with the rebound in private-sector spending may boost consumer ...
D1 price is located above 200 period SMA and 100 period SMA for the primary bullish market condition with the secondary ranging within Fibo resistance level at 1.1615 and Fibo support level at 1.1214: 61.8% Fibo support level at 1.1367 is going to be crossed by the price from above to below for the secondary correction to be started;RSI indicator is estimating the ranging bullish condition in the near future. If the price will ...
Trading the News: ISM Non-Manufacturing Another pickup in the ISM Non-Manufacturing survey may heighten the appeal of the greenback and spark a larger pullback in EUR/USD as it raises the outlook for growth and inflation. What’s Expected: Why Is This Event Important: Despite the ongoing 9 to1 split within the Federal Open Market Committee, Chair Janet Yellen and Co. may come under increased pressure ...
Trading the News: U.S. Gross Domestic Product (GDP) The 1Q U.S. Gross Domestic Product (GDP) report may dampen the appeal of the greenback and spark a near-term advance in EUR/USD as signs of a slowing recovery weigh on interest-rate expectations. What’s Expected: Why Is This Event Important: A soft growth figure may encourage the Federal Reserve to retain its current policy throughout most ...
Trading the News: Federal Open Market Committee (FOMC) Interest Rate Decision The Federal Open Market Committee (FOMC) is widely expected to retain its current policy in April even as central banks officials project two rate-hikes for 2016, but a growing dissent within the central bank may trigger a near-term selloff in EUR/USD as it boosts interest-rate expectations. What’s Expected: Why Is This Event ...
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