US housing data will grab the attention of forex traders, together with a regional economic report anticipated to show a sharp slowdown for December. The House Price Index is called slightly higher, and economists expect a rebound in existing home sales. With the USDCAD pressuring its horizontal resistance level, how will this currency pair react following the release of today’s economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Markets expect the Bank of Canada to maintain...
Yesterday’s UK employment report for the three months ending November clocked in at the highest rate for 2019. Wages posted solid gains and are keeping inflationary pressures elevated, which is expected to keep the Bank of England in a holding pattern. Forex traders now await CBI data, predicted to further improve in January. The GBPAUD has pushed out of its horizontal support area, where is price action headed to next? Today’s fundamental analysis will take a look at price action in both directions. Australian consumer...
Forex traders are eagerly awaiting UK employment data, where average weekly earnings are predicted to keep inflationary pressures elevated and the Bank of England sidelined. A solid headline growth figure of 110K is expected. Volatility in the British Pound increased together with selling pressure following commentary regarding the trading relationship between the EU and the UK following the transition period. How will today’s economic data impact price action in the GBPJPY? Subscribe to the PaxForex Daily Fundamental Analysis and...
Gold has regained its bullish momentum as traders had a chance to digest the phase-one trade deal signed by the US and China last week. As doubts bout the commitments made in the deal have increased, risk-averse traders started to take advantage of the sell-off in this precious metal. Gold has now completed a breakout above its horizontal support area, but where will price action move to next? Today’s fundamental analysis will take a look at price action in both directions. Economic data out of Japan showed a bigger than previously...
Final Eurozone CPI is predicted to confirm the initial reading and show the lack of inflationary pressures. The ECB maintains the monetary policy favored by former President Draghi, but the desired effects remain absent. US Dollar weakness is adding to Euro strength, but the EURGBP is poised to restart its sell-off. Will inflation data have an impact on this currency pair, which is weakening inside of its horizontal resistance area? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. UK retail sales...
