Today at 10:00am UK time. ZEW Economic Sentiment Indicator is calculated monthly surveying around 300 experts on their expectations concerning the economy, inflation rates, interest rates, markets, and oil prices for the next six months. F: 4.3, P: 10.7. #EURUSD may test 1.11
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On Tuesday last week we covered the AUDUSD which spent the remainder of the week easing back towards the current key level of 0.6850. Leading up to the last week, the AUDUSD fell sharply from a six month high above 0.70 back down to 0.6850, where it enjoyed some solid support before rallying again. Three weeks ago it surged higher off support at 0.6850 to the high after having moved through previous resistance at 0.6850 last month, which had put selling pressure on prices.
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EURUSD - Settles Above 1.11 as ECB Adopts Slightly Upbeat Outlook
on January 17, 2020
| By Stuart McPhee
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EURUSD
In the last week the EURUSD has rallied back off support at the key 1.11 level right back into the middle of its popular trading range between 1.11 and 1.12, where it has spent the best part of the last month. It had moved strongly to close out last year and into the new year moving to a five month high near 1.1250, before easing back into the range. Since the beginning of December, the EURUSD has steadily rallied higher pushing through another current key level of 1.11 which had been providing stiff resistance for several weeks.
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On Monday last week we covered the EURUSD which spent the remainder of the week moving back down to the key 1.11 level where it found more support. It had previously eased back below the key 1.12 level back into its popular range between 1.11 and 1.12 where it has spent considerable time in the last few months. It had moved strongly to close out last year and into the new year moving to a five month high near 1.1250, before easing.
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European Union Retail Sales m/m
on January 7, 2020
| By Stuart McPhee
|
EURUSD
Today at 10:00am UK time. Retail Sales m/m reflect a change in the euro area retail sails in the reported month compared to the previous one and indicator growth can have a positive effect on the euro quotes. F:-0.1%, P:-0.6%. #EURUSD may retest 1.11
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In the last few days the EURUSD has eased back below the key 1.12 level back into its popular range between 1.11 and 1.12. It had moved strongly to close out last year and into the new year moving to a five month high near 1.1250, before easing. Since the beginning of December, the EURUSD has steadily rallied higher pushing through another current key level of 1.11 which had been providing stiff resistance for several weeks.
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On Tuesday last week we covered UK Oil which spent the remainder of the week moving to a near three month high near $66. After meeting resistance at the key $63 level for several weeks, UK Oil was able to move higher and establish a new range above the key $63 level. During this time, it has found some support at the $63 level which bodes well for it to remain above there.
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EURUSD - Settles Above 1.11 after ECB Holds Rates Steady
on December 13, 2019
| By Stuart McPhee
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EURUSD
In the last two weeks the EURUSD has rallied well and been able to push through the current key level of 1.11 which has been providing stiff resistance for several weeks. It is now likely to find some support at this level should it retrace and test it. Throughout all of November, the EURUSD traded back and forth between 1.10 and 1.11 meeting support and resistance at these levels. Earlier in the month, it made another strong rally off the 1.10 level back to 1.11, after falling sharply from near several month highs close to 1.12.
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European Central Bank (ECB) Interest Rate Decision
on December 12, 2019
| By Stuart McPhee
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EURUSD
Today at 12:45pm UK Time. ECB Interest Rate Decision is announced after the ECB meetings, on which the monetary policy of the euro zone is discussed. The decisions is based on the inflationary outlook and economic growth. F: 0.0%, P: 0.0%. #EURUSD may test 1.10.
Read MoreEuropean Union Gross Domestic Product (GDP) q/q
on December 5, 2019
| By Stuart McPhee
|
EURUSD
Today at 10:00am UK Time. EZ GDP q/q reflects the changes in the total value of all goods and services produced in the euro area in the current qtr compared to previous, and is used to rate of the economic growth and living standards. F:0.2%, P:0.2%. #EURUSD may test 1.10
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