Australian retail sales decreased more than expected in December but rose more than anticipated in the fourth quarter. The trade surplus decreased, as imports rose at the same time exports slowed down. The AUDUSD recovered from its low and moved out of its horizontal support area. How will this currency pair be impacted by US data regarding its labor market? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Following yesterday’s strong ADP report, forex traders will look forward to more data...
The U.S. Non-Farm Payrolls (NFP) report, coming out this Friday 07/02/2020, is in the focus of Forex traders, as it will complement the overall picture of U.S. inflation and economic development, then allow the Federal Reserve to assess the need for further interest rate cuts and in what direction to develop the economy.
It is known that around May 20, 2020, the third halving of Bitcoin will take place. Every 10 minutes 50% fewer bitcoins will be produced, which may change its value. It has already happened twice, each time increasing the price by at least 10 times. Despite the increased interest in bitcoins and the cryptocurrency as a whole, few people are talking about it. So today we will look at what "halving" is and what it can lead to. Halving is the process of splitting the number of generated awards for block mining by half. It is...
Forex traders received a heavy dose of PMI data out of the Eurozone, where the final January readings were reported out of France, Germany, and the whole of the Eurozone. Italy reported preliminary data, and most reports except for France delivered an upside surprise, with France being revised lower. The EURUSD moved into its horizontal support area, how will price action be impacted by US data? Today’s fundamental analysis will take a look at price action in both directions. Today’s US data will feature the key ISM Non-...
Exactly at 23.00 on 31 January at GMT, three and a half years after the referendum, the United Kingdom withdrew from the EU, where 51.9% of Britons voted for Brexit. On the one hand, this "independence" may be considered pretty optimistically. Since Johnson states that without being tied to the European Union, Britain can finally show its full potential. From first sight, it seems to make sense because once the EU is not dictating each step and the UK can choose now its own way. On the other hand, we should not forget about the...
