Inflationary pressures in the US are expected to have risen further in December, as measured by the CPI. Forex traders will start to pay closer attention to inflation as it moved above 2.0% annualized, the Fed’s inflation target. This comes at a time of a slowing economy and could pose a greater threat as the year unfolds. The USDJPY moved into its horizontal resistance area, but momentum is decreasing. How will price action react to the release of US data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance...
Forex traders will start the new trading week with UK data in focus. The data covers the month of November, and economists predict that industrial and manufacturing production posted an annualized contraction. The construction and services sector is also expected to post a contraction in November. GDP data will front-and-center, but how will it impact the GBPAUD which faced with selling pressure? Today’s fundamental analysis will take a look at price action in both directions. Australian data showed a small increase in monthly...
All eyes will be on today’s NFP report for December out of the US. November surprised to the upside, keeping the rally alive and easing concerns about the health of the economy. Since then, economic reports out of the US have been weaker than expected and initial jobless claims have increased. The ADP report showed a strong increase in private-sector jobs, how will the USDCAD trade following the release of this critical report? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The November...
The Australian service sector entered a recession as measured by the AiG Performance of Services Index, which dropped below 50.0. This was countered by a much stronger retail sales report for November, and the AUDJPY added to its advance. As traders await today’s US NFP report, how will safe-haven assets perform following the release? What impact will this have on price action? Today’s fundamental analysis will take a look at price action in both directions. Japanese household spending surprised with a monthly increase and an...
German industrial production increased in November monthly at a better-than-expected rate. German exports posted a bigger contraction than anticipated, confirming the global economy was weaker than priced in at the end of 2019. Imports also contracted. The EURJPY moved to the lower band of its horizontal support area. Will bears pressure for a breakdown, or can bulls attempt a reversal? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The Australian trade surplus surprised to the upside as exports...