Forex traders will get economic data out of the Eurozone’s third biggest economy where expectations call for a monthly increase in Italian new industrial orders as well as sales. Eurozone inflation data will also be released and economists expect it to confirm the absence of inflationary pressures. How will this impact the EURGBP? This currency pair started a strong sell-off after a no deal Brexit has been taken off the table by the UK Parliament. Can today’s economic data initiate a short-covering rally? Follow the PaxForex Daily Fundamental...
Today’s ZEW Survey is expected to move the Euro. Economists expect a worsening in the current situation sub-component, but an improvement in the economic expectations sub-component. The Eurozone economic expectations sub-component is also anticipated to show an improvement, but all three are set to remain deep in negative territory. How will forex traders react to this economic data point? Bullishness has increased in the Euro after Mario Draghi’s press conference, but is this just a small bounce in a bigger down-trend or can the EURAUD enter...
Daniel Chambers, head of trading at Sequoia Capital Fund Management, stopped trading nearly $ 200 million (£ 160 million) in pounds from his systematic foreign exchange portfolio during the year due to Brexit risks. Other major investors followed his example.
Forex traders started the new trading week with a series of disappointing Chinese economic data. Industrial production slowed down further in August against an expected rebound by economists. This darkened the global economic picture, adding to the slowdown was a weaker reading on retail sales which slipped further in August. Economists predicted an up-tick. Property investment as well as fixed assets excluding rural also eased further which overshadowed to decrease in the unemployment rate. Will this end the correction in Silver following a $...
The single European currency rose against the US dollar after the European Central Bank launched a new stimulus, but could not justify the more dovish market expectations imposed on it.