Here are the key factors to keep in mind today for Euro trades:
- Italian Markit/ADACI Manufacturing PMI: The Italian Markit/ADACI Manufacturing PMI for March was reported at 55.7. Economists predicted a figure of 55.1. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for February which was reported at 55.0.
- French Markit Manufacturing PMI: The Final French Markit Manufacturing PMI for March was reported at 53.3. Economists predicted a figure of 53.4. Forex traders can compare this to the previous French Markit Manufacturing PMI for March which was reported at 53.4.
- German Markit/BME Manufacturing PMI: The Final German Markit/BME Manufacturing PMI for March was reported at 58.3. Economists predicted a figure of 58.3. Forex traders can compare this to the previous German Markit/BME Manufacturing PMI for March which was reported at 58.3.
- Eurozone Markit Manufacturing PMI: The Final French Markit Manufacturing PMI for March was reported at 56.2. Economists predicted a figure of 56.2. Forex traders can compare this to the previous Eurozone Markit Manufacturing PMI for March which was reported at 56.2.
- Eurozone PPI: The Eurozone PPI for February was reported flat at 0.0% monthly and increased by 4.5% annualized. Economists predicted an increase of 0.1% monthly and of 4.3% annualized. Forex traders can compare this to the Eurozone PPI for January which increased by 0.1% monthly and by 3.9% annualized.
- Eurozone Unemployment Rate: The Eurozone Unemployment Rate for February was reported at 9.5%. Economists predicted a figure of 9.5%. Forex traders can compare this to the Eurozone Unemployment Rate for January which was reported at 9.6%.
Here are the key factors to keep in mind today for Australian Dollar trades:
- Australian CoreLogic House Prices: Australian CoreLogic House Prices for March increased by 1.4% monthly. Forex traders can compare this to Australian CoreLogic House Prices for February which increased by 1.4%.
- Australian TD Securities Inflation: Australian TD Securities Inflation for March increased by 0.1% monthly and by 2.2% annualized. Forex traders can compare this to Australian TD Securities Inflation for February which decreased by 0.3% monthly and which increased by 2.1% annualized.
- Australian Retail Sales: Australian Retail Sales for February decreased by 0.1% monthly. Economists predicted an increase of 0.3% monthly. Forex traders can compare this to Australian Retail Sales for January which increased by 0.4% monthly.
- Australian Building Approvals: Australian Building Approvals for February increased by 8.3% monthly and decreased by 4.9% annualized. Economists predicted a decrease of 1.0% monthly and of 14.5% annualized. Forex traders can compare this to Australian Building Approvals for January which increased by 2.2% monthly and which decreased by 11.6% annualized.
- Australian ANZ Job Advertisements: Australian ANZ Job Advertisements for March increased by 0.3% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for February which decreased by 0.8% monthly.
- Australian Commodity Index: The Australian Commodity Index for March was reported at 138.5. Forex traders can compare this to the Australian Commodity Index for February which was reported at 137.8.
Should price action for the EURAUD remain inside the or breakout above the 1.3950 to 1.4000 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3975
- Take Profit Zone: 1.4200 – 1.4300
- Stop Loss Level: 1.3800
Should price action for the EURAUD breakdown below 1.3950 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3900
- Take Profit Zone: 1.3700 – 1.3750
- Stop Loss Level: 1.4000
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
