Forex traders will get key CPI data out of France, Italy, and Germany today. Economists expect inflationary pressure to remain absent, despite the ECB’s quantitative easing program. The EURUSD has retreated from its most recent peak and is now awaiting more data. The Spanish unemployment change showed continued sluggishness, German data will follow later in today’s session. What impact will this have on price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Today’s ISM...
The BRC Shop Price Index decreased in December, suggesting a weak consumer during the holiday shopping season. Forex traders will get housing data as well as the Markit/CIPS Construction PMI later in today’s trading sessions. The GBPCHF was able to advance after reaching its horizontal support area, but bullish momentum is weak. How will this currency pair react to today’s economic data out of the UK? Today’s fundamental analysis will take a look at price action in both directions. The Swiss economy has shown signs of...
Initial jobless claims started to increase in December and forex traders should monitor this trend. It may provide an early warning sign of where the US economy is headed. Regional economic reports have shown weakness across the country. The US Dollar came under heavy selling pressure at the end of 2019, but will the trend continue in 2020? The USDSGD completed a breakdown below its horizontal support area, is more downside on the way? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The fourth-...
Forex traders will get final Eurozone Manufacturing PMI data to start the new trading year. Economists expect no change from the previous reading, but Germany has shown a tendency to surprise to the downside. The EURAUD is in a holding pattern at the lower band of its horizontal support area. Will forex traders ignore December data and look forward to January, and what impact will this have on price action? Today’s fundamental analysis will take a look at price action in both directions. The Chinese manufacturing sector clocked in...
The contraction in the US Dollar continues to fuel a rally in Gold and Silver. Commodities are priced in US Dollars, and safe-haven assets have an inverse relationship with it. Traders are also preparing for a bumpy 2020 with economic concerns increasing. Economic data out of China this morning pointed towards further weakness in the global pipeline, this time in the services sector. Can Silver continue to rally in 2020 or will bears step in? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Silver...