Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Construction PMI for August is predicted at 56.9. Forex traders can compare this to the UK Construction PMI for July, reported at 58.7.

Source: PaxForex Premium Analytics Portal, Fundamental Insight UK Nationwide House Prices for July decreased 0.5% monthly and increased 10.5% annualized. Economists predicted an increase of 0.6% and 12.1%. Forex traders can compare this to UK Nationwide House Prices for June, which increased 0.7% monthly and 13.4% annualized.

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

Source: PaxForex Premium Analytics Portal, Fundamental Insight

The price is below the moving average of 20 MA and MA 200, indicating the downward trend.  MACD is below the zero levels. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 0.8370 • Take Profit Level: 0.8320 (50 pips)

After the Eurozone Manufacturing PMI showed that the recession in the sector has expanded, forex traders will get the services and composite PMI reports out of Italy, France, and Germany as well as for the Eurozone as a whole. The EURGBP is grinding at support, but how will price action react following the release of PMI data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Today’s ZEW data out of Germany and the Eurozone is anticipated to move the Euro which has been under pressure against the British Pound after the Brexit Party announced it will not contest seats won by the Tories during the last election. This made Brexit under PM Johnson’s negotiated deal more likely, but how will the EURGBP be impacted after the release of today’s ZEW data? Today’s fundamental analysis will take a look at price action in both directions.

The ECB is under a new President, but the same problems are expected to plague the slowing economy which also struggles with the absence of inflation. Today’s PPI data is expected to confirm that the ECB has failed its mandate of price stability and many analysts suggest that the central bank will remain loyal to policies Draghi implemented. Hungary’s central bank labelled the Euro a trap which is doomed to fail, will traders slowly agree with this idea? Will the EURGBP rally off of support or is another breakdown possible?

Forex traders will eagerly await a fresh round of PMI data out of the Eurozone which is expected to move the Euro. Final readings on Services and Composite PMI data for September will be released and while economists predict no change from the previous reading, it may follow final Manufacturing PMI data into revisions. The EURGBP was able to advance after reaching support, will this trend continue or will economic data force a reversal?

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?

How long will it take for the ECB to roll out more stimulus and what form will it take during the next round of quantitative easing? The Eurozone economy continues to struggle, led by its export engine Germany, and the ECB has noted that governments need to step in and help the central bank stimulate the economy. Germany has so far refused to change its constitution in order to allow more spending and claims there is no economic crisis which warrants this. Who will cave in first?

Forex traders will get final PMI data out of the Eurozone for July and economists anticipate no change. Investor confidence on the other hand is predicted to slide further in August as the Eurozone economy continues to weaken. The ECB is now likely to step in which will pressure the Euro to the downside. With a no-deal Brexit on the horizon, how will the EURGBP perform over the next few weeks? Subscribe to the PaxForex Daily Fundamental Analysis and join our fast growing community of profitable forex traders!

Forex traders will pay close attention to this morning’s German as well as Eurozone ZEW data. Economists expect a sharp contraction across the board, how will this impact the EURGBP which is grinding at a strong double resistance level? Analysts will also await the Eurozone trade balance in order to gauge how much of an impact the US-China trade war is having on the export dependent Eurozone economy. Today’s fundamental analysis will take a look at the downside potential of the this currency pair as well as the possibility for a breakout.

The Euro has performed better than expected over the past trading sessions and forex traders will pay close attention to this morning’s PMI data out of the Eurozone. Economists anticipate the data to show overall weakness across the continent which could trigger a sell-off in the Euro to start the new trading month. Unemployment data out of Germany, Italy and the Eurozone could also add further volatility and allow the EURGBP to extend its sell-off which is currently in its second day. Do your forex trading strategies deliver consistent profits?

Forex traders will get a heavy load of PMI data out of the Eurozone to finish the trading week. Economists predict a slight increase for June across the board, but German PMI data will be front and center as it represents the growth and export engine of the Eurozone and the EU. Will this mornings data push the Euro to the upside or will it come in below expectations and ignite a sell-off?

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factors to keep in mind today for Euro trades: German PPI: The German PPI for February is predicted to increase by 0.2% monthly and by 2.9% annualized. Forex traders can compare this to the German PPI for January which increased by 0.4% monthly and by 2.6% annualized. Here are the key factors to keep in mind today for British Pound trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades: