The New Zealand labor market showed a rise in the unemployment rate in the fourth-quarter together with a much smaller-than-expected increase in average hourly earnings. This may impact consumer spending as the global economy gears up for the holiday shopping season this month. The NZDUSD remained in its bullish advance, can bulls push higher or will bears attempt to break the up-trend? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

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?

The RBA kept the key interest rate on Tuesday, leaving the door ajar to further stimulate the economy if necessary.  

The Australian service sector expanded strongly according to the Australian AiG Performance of Services Index, but this was conflicted by the final reading of the Australian CBA Services PMI which was revised down to 50.0 and just barely avoided contraction. The final CBA Composite PMI was also revised down to 50.0 and the Chinese services sector eased slightly as measured by the Caixin Services PMI while the Caixin Composite PMI inched up. The AUDUSD remained stable at resistance, what’s next for price action?

Forex traders will start the new trading week with PMI data across the Eurozone, any downward revisions to previous October reading are likely to pressure the Euro lower. The Eurozone Sentix Investor Confidence is also anticipated to have an impact on price action. With a new ECB President, will there be changes to monetary policy or will it remain the same Draghi ECB under a new proxy? Will bulls power ahead and rally the EURAUD or will bears force more downside? Today’s fundamental analysis will take a look at price action in both directions.

All eyes will be on the NFP report out of the US, where economists predict less than 100K job additions and over 50K job losses on the manufacturing sector. The labor force participation rate is also called lower while the unemployment rate is expected to rise. The ISM Manufacturing report will also expected to move the US Dollar and anticipated to show its second consecutive month in contractionary territory. How will the USDCHF react after the release of today’s economic data?

The UK election campaign started as PM Johnson is trying to secure a majority in Parliament in order to get this Brexit deal approved. The British Pound will be exposed to plenty of headlines until Britons head to the first December election in almost one century. Forex traders will also get the October Manufacturing PMI today to close out an eventful week, what impact will it have on the GBPAUD? Today’s fundamental analysis will take a look at price action in both directions.

Forex traders received a big cache of economic data out of the Eurozone today. It showed that inflation remains absent while the economy is under-performing, but the EURUSD managed to extend its rally after the FOMC cut interest rates yesterday. It is Mario Draghi’s last day at the ECB, will a change in leadership rally the Euro or should forex traders prepare for sell-off? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Australian Dollar came under mild selling pressure after a report showed that private sector credit eased. Adding to bearish momentum was an unexpected acceleration in the rate of contraction in the Chinese manufacturing sector. The services sector also slowed down which added to growth concerns. How will the AUDJPY trade as more global economic data will trickle in throughout the session? Today’s fundamental analysis will take a look at price action in both directions.

With today’s FOMC meeting out of the US in focus, Eurozone confidence and inflation data will dominate the European trading session. Economists predict subdued inflationary figures and a further slowdown in confidence across the Eurozone in all sectors. Should predictions be confirmed, how will price action in the EURJPY react? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Inflation data out of Australia for the third-quarter eased further, but the AUDUSD kept its bullish momentum is now trading at a strong resistance level. Today’s US interest rate decision is expected to have a big impact on the US Dollar and forex traders are anticipated to wait for the press conference following the expected interest rate cut before committing to new US Dollar positions. How will price action react after the press conference? Today’s fundamental analysis will take a look at price action in both directions.

UK PM Johnson’s push for a December 12th 2019 election was defeated in Parliament and forex traders will now have to wait what will follow after the EU granted a Brexit extension until January 31st 2020. The GBPUSD retreated from its multi-month high as uncertainty surrounding Brexit rose. How will today’s economic data impact price action in this currency pair? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Chinese industrial profits contracted for a second consecutive month, but traders grew more confident that a permanent resolution to the US-China trade war can be found. Solid third-quarter earnings season has further boosted optimism that companies have performed well despite the uncertainties. Gold managed to advance as risks remain, a range of economic data out of the US has indicated the slowdown is accelerating. How will this precious metal perform to start the fresh week? Today’s fundamental analysis will take a look at price action in both directions.

Economic data out of the US once again disappointed and showed that the global economy is a lot weaker than expected, the US is no exception to the slowdown. This has boosted demand for safe haven assets such as gold and silver. Plenty of uncertainties remain embedded in the global system which is anticipated to provide a solid floor under silver. Can bulls capitalize and push price action back towards the 20 level? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

After the Asian trading session produced several key PMI reports which disappointed without exception, forex traders will focus on PMI data out of the Eurozone where the risk of further disappointment has increased. The EURUSD has rallied over the past few trading sessions, but will the rally continue if this morning’s data comes in weaker than expected as it did in Australia and Japan? The ECB meeting will also be closely followed, what impact will it have on the EURUSD? Today’s fundamental analysis will take a look at price action in both directions.

Australian PMI data disappointed across the board, especially the Services PMI which plunged drastically. This dealt a fresh blow to the global economy which continues to perform worse than expected. While the US-China trade war is often cited as the cause for this, data suggests more fundamental weakness is the root cause. The AUDJPY remained stuck at resistance, how will price action develop from here? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The New Zealand Trade Balance featured a surprise as exports increased more than expected, but this may be an anomaly as it represents one rare data point which came in stronger than expected. This follows the upside surprise in Chinese economic data for September and is most likely associated with it. The NZDUSD remained steady at support, will bulls attempt to push price action higher? Today’s fundamental analysis will take a look at price action in both directions.

As the Brexit clock winds down, forex traders will continue to be careful. While this week should see a Parliament vote on PM Johnson’s Brexit deal, there is no certainty it will take place and what will follow. Plenty of opposition remains to the Brexit bill, and the number crunching by the Tories is in full swing. Economic data today is likely to take a back seat to commentary surrounding Brexit. How will this impact the GBPCAD?

Forex traders will continue to follow Brexit developments after the UK Parliament delayed a vote on Saturday which forced PM Johnson to ask the EU for a delay. He sent a delay request, but didn’t sign it. This was followed by a signed letter stating he doesn’t want a delay. On the economic front, monthly Rightmove House Prices came in much stronger then expected. How will the confusion impact price action in the GBPJPY today? Today’s fundamental analysis will take a look at price action in both directions.

Gold has corrected below the psychological $1,500 level, but found support as geopolitical tension remain high and the global economy accelerates its slowdown. Chinese GDP data came in below expectations, but September saw a pick-up in industrial production as well as retail sales. Japan showed that inflation remains absent in a country no strange to deflationary pressures. How will gold trade heading into the weekend? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this precious metal.

The dollar is trading without clear dynamics on Thursday amid growing doubts about the US-China trade deal, while the pound fell in price on pending news about the Brexit terms agreement.  

Forex traders will pay very close attention to the EU summit over the next two days as new hurdles emerged in regards to a Brexit deal. The British Pound surged to five-month highs amid optimism that a deal will be reached, but time is running out and divisions remain. After the UK labor market showed job losses earlier this week, forex traders will get retail sales data this morning. How will this influence the GBPUSD? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Today is the start of the key, two day EU summit where the UK and EU will try to agree on a Brexit deal. The Euro has recovered from its lows, but economic data continues to disappoint. Today’s Eurozone construction output is expected to show a monthly contraction. The EURAUD rallied as the Australian Dollar came under pressure after markets grew increasingly disappointed over the partial trade deal announced between the US and China. How will today’s information flow impact price action? Today’s fundamental analysis will take a look at price action in both directions.

Inflation data out of Italy and the Eurozone is expected to remain tame which may further encourage the ECB to stimulate the economy. Despite the ongoing global slowdown, the Eurozone trade surplus is anticipated to show a solid print. The EURUSD has steadily advanced from oversold conditions, how will today’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Inflation data out of the UK will be in focus as more Brexit details will be announced. Economists expect a mild up-tick in inflation for September. The British Pound has rallied sharply to four month highs as optimism about a Brexit deal rose. The Bank of England will monitor inflation closely and is expected to increase interest rates as soon as next year while other central banks are easing monetary policy. How will today’s inflation data impact the GBPCAD? Today’s fundamental analysis will take a look at price action in both directions.

The German ZEW Survey, which also includes the Eurozone ZEW Survey, will be in focus today and is expected to move the Euro. Economists predict a sharp deterioration for the month of October which would confirm that the economic slowdown is gathering momentum. How will the EURJPY be impacted after the release of this report, especially if the data is even worse than expected? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

With Brexit roughly two weeks away and the EU and the UK apparently still too far apart to reach a deal, analysts will await today’s UK employment data in order to gauge the health of the labor market amid an uncertain Brexit outcome. Wage pressures have been elevated and economists expect this to continue. How will today’s employment data impact price action in the GBPAUD? Today’s fundamental analysis will take a look at the downside risk as well as the upside potential in this currency pair.

Eurozone industrial production will be in focus today as it is expected to confirm the ongoing global economic slowdown. While markets await more details about the announced partial trade deal between the US and China, it is not expected to prevent a potential recession. The Eurozone economy has slowed down faster than expected and joined other economies in the slide despite accommodative monetary policy. How will today’s economic data impact the EURNZD?

The US currency is near the highs of two and a half months to the Japanese yen on Monday in the Forex market. Stability to the dollar was added by signs of progress in US-Chinese trade negotiations.  

Final German and Spanish CPI data confirmed the previous reading and showed the lack of inflation in the Eurozone. Infighting inside the ECB in regards to Draghi’s restart of QY continues, the ECB is set to resume bond purchases on November 1st. The EURCAD remained stuck at resistance, how will the final day of US-China trade negotiations impact price action? Today’s fundamental analysis will cover both sides of price action.

Economic data out of New Zealand showed the Business Manufacturing PM continued to contract in September as electronic retail card sales slowed down sharply. Forex traders largely ignored the economic data and chose to focus on developments out of the US-China trade talks which will continue today. President Trump stated the first day was great, but his statements were often contradicted by actual events. What does this mean for the NZDUSD?

High level trade talks will begin in Washington today and sources claim that the Chinese delegation is willing to work out a partial trade deal. Markets rallied yesterday after the comments were leaked, but the Trump administration has repeatedly ruled out a partial trade deal. New tariffs are set to kick in on October 15th 2019 and conflicting reports for today’s negotiations have already caused a spike in volatility. Forex traders will also receive inflation data and two reports on the labor market. How will this impact the USDCAD?

Forex traders will get plenty of economic data out of the UK this morning. Industrial production, manufacturing production, GDP data and service sector data will be in focus and is expected to move the British Pound. Latest rumors surrounding Brexit called for the EU to give a major concession to the UK in order to potentially reach a deal. How will today’s data and the latest Brexit developments impact the GBPJPY? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The US added more Chinese firms to its blacklist which has dampened hopes for an end to the trade war with China. High level talks will be held in Washington this week, but following the US moves the mood has soured. Forex traders will also wait for the release of minutes from the last Fed meeting where the central bank cut interest rates by 25 basis points. Are more interest rates cuts in the pipeline and how will this impact the USDMXN? Today’s fundamental analysis will explore price action in both directions.

Australian data showed general weakness in its economic data and the Chinese service sector performed worse than economists predicted. Despite economic weakness, this Australian Dollar advanced as forex traders focus on this week’s meeting between the US and China, where chances for a trade deal are essentially zero with high hopes for a surprise. How will this impact the AUDUSD? Subscribe to the PaxForex Daily Fundamental Analysis where you can grow your balance trade-by-trade.

Turkey’s lira hit its weakest in a month on Tuesday, as investors worried about Ankara’s planned incursion in northern Syria and President Donald Trump warned he could destroy the Turkish economy if it takes the operation too far.  

Forex traders will get a minor economic distraction from the election circus in Canada today with the release of housing starts and building permits. Economists expected a further slowdown in the housing market, as seasonality is starting to filter through the data. In the meantime, Canadian voters will sort through last night’s TV debate in order to assess how PM Trudeau performed following his “brownface scandal”. How will this influence the CADJPY? Today’s fundamental analysis will take a look at price action in bot directions.

Following Friday’s “goldilocks” NFP report, markets rallied to close a wild first week of the fourth-quarter. Risk remains elevated with the Brexit clock ticking down, trade talks between the US and China set to continue this week and with earnings season set to get going. Gold prices are well supported after the psychological $1,500 mark, will bulls extend the rally and keep pushing this precious metal to the upside? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Hong Kong manufacturing surprised to the upside, but remains deep in contractionary territory as protests weigh on all sectors of the economy. On the bright side, Australian retail sales managed to rebound from the previous month’s contraction. Silver was able to drift further to the upside as the global economy is slowing down faster than expected and recession fears are on the rise. How much more upside can bulls force and will Silver hit the key psychological 20.000 mark? Today’s fundamental analysis will explore price action in both directions.

All eyes will be on today’s US ISM Non-Manufacturing Index after the ISM Manufacturing Index showed the worst reading in ten years. The US Dollar has maintained its bullish stance against the Japanese Yen, how much longer will this trend last? Forex traders will also get factory orders which are expected to show a contraction, how will this impact the USDJPY which currently tests support? Today’s fundamental analysis will take a look at the downside potential and the upside risk in this currency pair.

This Friday, market participants will focus on labor statistics from the United States. Employment in the non-agricultural sector (NonFarm Payrolls), Average Hourly Earnings, as well as the Unemployment Rate will determine the future direction of the US currency.  

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?

The latest series of economic data out of Switzerland disappointed and showed an economic slowdown which exceeded expectations. The Swiss National Bank is expected to keep interest rates at record lows for a longer time period and today’s CPI data is anticipated to show the absence on inflationary pressures. Yesterday’s Manufacturing PMI slide further into contractionary conditions which will hit the Swiss export sector. The CHFJPY started to correct, will this trend last? Today’s fundamental analysis will explore price action in both directions.

The US currency peaked for more than two years in a basket of major currencies today ahead of data that is expected to show that the US manufacturing sector has returned to growth, mitigating concerns about the impact of a trade war with China.  

Final Manufacturing PMI data out of the Eurozone and key member countries will be in focus today. German data will be the most important one as it has been dragging down the Eurozone as a whole. Inflation data will also be released where economists expect no inflationary pressures, forex traders should be prepared for a potentially lower reading below 1.0% annualized. How will this impact the EURUSD which is trading at extreme oversold conditions? Today’s fundamental analysis will explore the upside potential and weigh the downside risk.

The Australian central bank delivered its 25 basis point interest rate cut from 1.00% to 0.75%. This was expected by market participants following the release of minutes from the previous RBA meeting. The announcement was preceded by a surprise increase in the Australian manufacturing sector as confirmed by two different reports. The housing market remains under pressure which could impact the consumer moving forward. The AUDJPY started to contract, will this move extend further to the downside?

Forex traders will start the new trading week with a series of economic reports out of Eurozone member countries. After German retail sales came in stronger then expected, and Spanish data showed the absence of inflationary pressures as the economy expanded 2.0% annualized in the second-quarter, the EURAUD remained above support as bulls refused to give in to bears. More inflation data will be reported during the trading session, on top of unemployment data. How will this impact price action in the this currency pair?

Final GDP as well as total business investment data for the second-quarter is expected to remain unchanged. Over the weekend, PM Johnson stated that he will not resign as this could result in a Brexit delay. As the political impasse continues and the Brexit deadline is approaching, the British Pound is expected to come under more pressure which will push the GBPJPY further to the downside. How will today’s UK economic data impact price action?

Forex traders will get a heavy dose of Eurozone economic data to close out the trading week. Confidence data will be front and center, economists expect little change from the previous month. The German Import Price Index showed deflationary pressures in the Eurozone’s biggest economy which will be monitored closely by the ECB. The EURJPY entered a severe sell-off over the past few sessions, how will today’s data flow impact price action? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.