The US currency holds positions close to the 19-month highs at the beginning of the new trading week, amid increased investor nervousness regarding the slowdown in the global economy, which led to a decrease in demand for risky assets such as stocks and Asian currencies. At the moment, the EURUSD pair is at 1.1316 and the single European currency is trading in a small plus. The weaker than expected economic data from China and Europe and the fears associated with a possible suspension of the activities of the US government force traders to...
Here are the key factors to keep in mind today for Euro trades: Eurozone Trade Balance: The Eurozone Trade Balance for October is predicted at €14.0B. Forex traders can compare this to the Eurozone Trade Balance for September which was reported at €13.4B. Eurozone Final CPI: The Eurozone CPI for November is predicted to decrease by 0.2% monthly. Forex traders can compare this to the Eurozone CPI for October which increased by 0.2% monthly. The Final Eurozone CPI for November is predicted to increase by 2.0% annualized and the Final...
The US currency rose against a basket of major competitor currencies on Friday, while traders are switching their attention to the expected increase in the Fed rate next week. Nevertheless, the uncertainty of the American regulator regarding the financial and credit policy in 2019 restrains the growth of the dollar. The Fed is expected to raise the interest rate by 25 basis points at the end of its meeting next week, but investors will focus their attention on the forecast of the regulator’s policy for the next year. The Japanese yen this...
Here are the key factors to keep in mind today for Euro trades: German Wholesale Price Index: The German Wholesale Price Index for November increased by 0.2% monthly and by 3.5% annualized. Forex traders can compare this to the German Wholesale Price Index for October which increased by 0.3% monthly and by 4.0% annualized. French Manufacturing PMI, Services PMI and Composite PMI: The Preliminary French Markit Manufacturing PMI for December is predicted at 50.7. Forex traders can compare this to the French Markit Manufacturing PMI for for...
Here are the key factors to keep in mind today for US Dollar trades: US Import and Export Price Index: The US Import Price Index for November is predicted to decrease by 1.0% monthly and to increase by 1.3% annualized. Forex traders can compare this to the US Import Price Index for October which increased by 0.5% monthly and by 3.5% annualized. The US Import Price Index excluding Petroleum for November is predicted flat at 0.0% monthly. Forex traders can compare this to the US Import Price Index excluding Petroleum for October which...
