Inflation data out of Italy and the Eurozone is expected to remain tame which may further encourage the ECB to stimulate the economy. Despite the ongoing global slowdown, the Eurozone trade surplus is anticipated to show a solid print. The EURUSD has steadily advanced from oversold conditions, how will today’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Advanced retail sales out of the US will be in focus today as traders want to see if the US consumer was able...
Inflation data out of the UK will be in focus as more Brexit details will be announced. Economists expect a mild up-tick in inflation for September. The British Pound has rallied sharply to four month highs as optimism about a Brexit deal rose. The Bank of England will monitor inflation closely and is expected to increase interest rates as soon as next year while other central banks are easing monetary policy. How will today’s inflation data impact the GBPCAD? Today’s fundamental analysis will take a look at price action in both directions....
The German ZEW Survey, which also includes the Eurozone ZEW Survey, will be in focus today and is expected to move the Euro. Economists predict a sharp deterioration for the month of October which would confirm that the economic slowdown is gathering momentum. How will the EURJPY be impacted after the release of this report, especially if the data is even worse than expected? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Final Japanese Industrial production data confirmed the initially reported...
With Brexit roughly two weeks away and the EU and the UK apparently still too far apart to reach a deal, analysts will await today’s UK employment data in order to gauge the health of the labor market amid an uncertain Brexit outcome. Wage pressures have been elevated and economists expect this to continue. How will today’s employment data impact price action in the GBPAUD? Today’s fundamental analysis will take a look at the downside risk as well as the upside potential in this currency pair. RBA minutes were in focus during the Asian...
Eurozone industrial production will be in focus today as it is expected to confirm the ongoing global economic slowdown. While markets await more details about the announced partial trade deal between the US and China, it is not expected to prevent a potential recession. The Eurozone economy has slowed down faster than expected and joined other economies in the slide despite accommodative monetary policy. How will today’s economic data impact the EURNZD? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade...