Forex traders will get final CPI data out of France and Spain, while GDP data will be released out of Germany and the Eurozone. Economists predicted that Germany entered a recession in the third-quarter, but was able to avoid one while second-quarter GDP was revised lower. Today’s Eurozone GDP data will show what impact it has on the Eurozone as a whole. How will the EURAUD react after the release of today’s GDP data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The Australian employment report...
Australian consumer confidence rebounded strongly for the month of November while wage growth extended. This may be a positive sign for the holiday shopping season which officially kicked off earlier this week. The AUDUSD remained well supported as forex traders follow developments surrounding the phase one trade deal between the US and China which continues to lack derails. Will bulls rally this currency pair further or can bears make a stand? Today’s fundamental analysis will take a look at price action in both directions. Today’s inflation...
The string of economic reports out of the UK continues today with CPI, PPI and RPI data on track for release. Since the beginning of the week, economic data out of the UK has been mixed and today’s inflation batch is expected to show a decrease in inflationary pressures. With the election coming closer, and the lead of the Conservatives on the rise, how will the GBPNZD react to today’s economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The Reserve Bank of New Zealand surprised markets by...
The British currency retains the gained advantage at the trading on Tuesday, having previously reached a six-month high against the euro and strengthened by 1% against the USD on the eve, amid weakening fears about the formation of a “weak parliament” as a result of parliamentary elections in the UK.
Today’s ZEW data out of Germany and the Eurozone is anticipated to move the Euro which has been under pressure against the British Pound after the Brexit Party announced it will not contest seats won by the Tories during the last election. This made Brexit under PM Johnson’s negotiated deal more likely, but how will the EURGBP be impacted after the release of today’s ZEW data? Today’s fundamental analysis will take a look at price action in both directions. After yesterday’s UK economic data, forex traders will get employment data during...