eur / usd is at the cross of 1.19. the statistics which have usually little event event impact on the markets, jolt, ppi) led to sharp fluctuations, suggesting that hand and we (oh, diane, we’re on alert. in fact, a squeeze on domestic as well as a heavy fall in the direction of 1.15 are possible scenarios. the stop loss is limited to the current level, we are told. trigger a cascade of stop loss, this event is very easy. follow the dollar because with your up on north korea, the vix rising, the dollar could pick colors, of course, because of the decrease of the event risk appetite. the dollar has been a change of refuge in the event of trouble.
at 11:00 monday, eurostat will publish the industrial production. the pace of growth is expected to slow down to 2.8% a year for the event after event to 4% in the month of may.
tuesday at 8:00 we have the german growth. in annual terms, the consensus gdp growth of 1.9% compared to 1.7% in the first quarter. in 11, the event will unveil its new institute index of the economic outlook for the next six months. in july, it has followed since declined for the first time in five months.
on wednesday at 11:00. will the euro area gdp growth is expected to increase by 2.1 per cent a year for the event to the event as well as t2, we at t1.
we’ll have the next day the event at the euro area inflation that should we prepare to 1.3% in july (y / y), in the event the previous estimate. will it be less than anticipated, as we in the united states on friday dernier ? don’t forget to keep an eye on the minutes of the bank at 1: 30 because we are probably at a turning point for monetary policy (and phase). the ecb will probably not miss minutes to get contracts slowly to him.
the first statistic usd event importance, not least to be published tuesday at 2:30. retail sales are expected to top month increase of 0.3% following a decline of 0.2% in june. given the impact of the event. the event of the ppi and cpi in the event last week, we should also look at the price, we export and import in the event at 2:30. we should be positive numbers with negative figures for the month of june.
on wednesday, the permits and starts at 2:30, stir the forex. housing starts increased by 8.3 per cent in june, after 3 months of starvation. crude oil stocks are still a star, and the statistics we are set to decline after 2 720 million barrels, stocks -6.541 m last week.
on thursday, we will ” hard data » with industrial production, which is projected to rise to 3 0.3% m / m after + 0.4% in june. the event of the philadelphia fed manufacturing index is expected to decline slightly in august from 19.5 to 18 above.
on friday, the event will be the event of michigan confidence index to create a bit of volatility. the event will remain very high (index against which in july.
eur / usd: fundamental analysis
we’re coming up on a very high level. ” big guns » positioned upwards are likely to tighten the buttocks. around 120, we believe that we will achieve lower join forces. even if we don’t, we will be against the trend, once the 1.19-1.20 area will need to be tested, we strong stomach to trader. the cross will probably become quite volatile and we will as always several moves before we put a new directional movement is firmly in place. the reste un partner to become the trend.
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