Australian Private Capital Expenditure posted a bigger-than-expected quarterly contraction. Australian Plant & Machinery Capital Expenditure posted a significant drop and erased the previous quarter’s increase. Despite the disappointing economic data set, the Australian Dollar remained well supported and the AUDCHF inside its resistance zone. Will bulls be able to lunch a breakout and extend the gains, or will bears prepare for a breakdown? Today’s fundamental analysis will take a look at price action in both directions....
Eurozone confidence data will play a key role today and the Euro is expected to react with an increase in volume following the release. CPI and PPI data are likely to show the absence of inflation and pose a continued challenge for the ECB. The EURJPY has pushed into its horizontal resistance zone, but how will price action react following the release of economic data across the Eurozone? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Japanese retail sales came in weaker than expected for October...
The New Zealand Trade Balance showed a bigger deficit than economists expected as imports came in higher and exports rose. The New Zealand Dollar continued to push higher and the NZD/USD into its resistance level. Ongoing global economic worries, intensified by this morning’s Chinese industrial profits data, remain a top concern and forex traders will get a heavy dose of US economic data today. What impact will this have on price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade....
German consumer confidence increased slightly but doesn’t lead to great confidence as consumers gear up for a holiday shopping spree. The Italian non-EU trade balance came in well above the previous month’s surplus and shows that while Italy may struggle inside the Eurozone, it performs well outside of it. The EURUSD remained well supported after the release of today’s light economic reports, how will price action be impacted following the release of US data? Today’s fundamental analysis will take a look at price...
Today’s German IFO report is expected to move forex and commodity markets alike. Germany barely avoided a technical recession in the third quarter, but the second-quarter was revised lower. With a fragile Eurozone economy, German data has become more sensitive at a time the German finance ministry believes there are no issues that require more fiscal spending by governments. How will Silver react to a surprise reading in the IFO data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. UK CBI...