Australian consumer confidence decreased slightly, but business confidence managed to increase which boosted the Australian Dollar. Forex traders started to grow anxious about the state of the phase one US-China trade deal, as issues remain. The AUDNZD managed to remain inside its resistance zone, what is next for this currency pair, will bulls overrun resistance or will bears make a stand? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. The New Zealand ANZ Truckometer Heavy Index showed a healthy...
Forex traders will get a swath of UK economic data today which is expected to move the British Pound as the election campaign heats up. GDP data will be front-and-center, together with industrial and manufacturing and production data where economists expected a contraction. Countering this could be an increase in the services sector, construction output and trade data will also be announced. How will this impact price action in the GBPJPY? Today’s fundamental analysis will take a look at price action in both directions. Japanese data released...
The Eurozone’s two biggest economies, Germany an France, reported trade data for September this morning. Germany surprised to the upside with a rise in exports while France surprised to the downside with a bigger than expected deficit. Optimism on the global trade front increased after China announced that tariffs may be scaled back step-by-step, in a mutual fashion. The EURJPY remained at resistance, where will price action be headed next? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Japanese...
Chinese exports as well as imports decreased less than economists expected, but they decreased which shows that the global economy is extending its slowdown. The Chinese trade surplus came in higher than expected, but Australian investment lending unexpectedly dropped. The AUDCAD was able to remain above support as the bullish bias remained in place, how will price action react to the release of key Canadian data? Today’s fundamental analysis will take a look at price action in both directions. Forex traders await the Canadian employment...
The British currency declined slightly in anticipation of a meeting of the national regulator, which will be held later today, and is currently trading at $ 1.2846, very close to the lows of October 29.