Wednesday, 31 January 2018

EUR / USD - trying to show a strong month close

Posted by FortFS at 16:39 Labels: ,

On Wednesday, European currency is in demand again on the eve of important statistics on the EU and the US. Fundamentally, the mood in the market did not change much since last week, as the recent correction was of a technical nature associated with a certain EUR/USD overbought levels. It is worth noting that the results of correction are almost completely leveled to the start of today's trading session.
Despite some important macroeconomic data, the main intrigue of the day is still the meeting of the US Federal Reserve, which will be the last under the chairmanship of Yellen. Markets do not expect today any changes in the decision of the regulator in comparison with the December meeting. The statistical data of recent months, including low inflation expectations, are unlikely to force the Fed to take drastic decisions. The absence of a traditional press conference afterwards reduces the importance of the current meeting and the possible impact on the markets.
The main drivers for the market today are statistical data. Today we have an opportunity to evaluate the indicators published in the EU, the consumer price index in the region fell to 1.3% as predicted by experts, and the unemployment rate remained at the level of 8.7%, also in line with the forecast level. The market so far is quite restrained in reaction to these data, as they fully coincided with the forecast indicators.
In US today will be published no less important data. Along with the index of sales in the real estate market, we wait for the ADP data on employment in the private sector, which traditionally form the market's expectations for the main Friday report on the labor market.
On the chart, the price resumed upward movement, which already led to a change in indicators signals. The price unhurriedly, but confidently presses on the resistance level 1.2450-1.2460. However really serious resistance is located at the level of the recent maximum near the round mark 1.25. Given the global trend, the preponderance is still on the bulls side with the growth of the currency pair in the direction of 1.2570. Nevertheless, in the current situation, it is best to wait for the fixation above this mark to obtain confirmation of the bulls strength.
Our recommendations: wait until the pair is fixed above 1.2450

3 comments :

  1. Lara Gargett18 May 2019 at 09:52

    Thank you for this useful content, It’s a very useful content that helps me to complete my assignment at right time. I would like to write about my experience of assignment help Australia. I am an academic expert here who provides reference assignment including Accounting, Management, Finance, IT, Economics, Computer Science, Nursing, Marketing; all Academic subjects to University Students across Australia or even globe. We are a big online assignment help providers who help students to get HD grades according to assessment guidelines and instructions.

    Those who are searching for assignment help in Melbourne, Perth, Brisbane, Adelaide etc. They can get an Online Assignment Expert - the No.1 Assignment provider. Any student who is ready to buy an assignment at affordable price, they can visit our marked website & can enjoy the benefits of our amazing and informative services. You can avail of our convenient online assignment help and samples available on our website for free. You can also download it from our website. If you want to get more marks in your university assessment. We assign the best writer according to the subject for your academic problems and help in assignment writing services. Our Customer Care Executives are available 24*7 hours to assist you in the best possible manner. Phone calls and emails are the best methods used by assignment provider.

    ReplyDelete
  2. Maria Garcia27 July 2019 at 15:49

    Much obliged to you for such an enlightening bit of work. It, without a doubt, is really educational! In any case, this is to illuminate the reader about My Assignment Services, an Australian nursing assignment help service provider. The brand has around 100+ nursing academic writers. I am one of those helping students who search “is there someone who can do my assignment?” . When you do examine our site, the academic experts would begin preparing your assignment necessity with the best quality. For the students, searching for assignment writer in Australia, My Assignment Services has been the essential decision with regards to online assignment help in Australia and abroad. With a top to bottom research going into every single task we give, the nature of our assignment help online has set industry breaking measures. So as to get in touch with us, the most advantageous way that is available, we have obliged a speedy structure and email to make our online task help Australia bound administrations in a jiffy.

    ReplyDelete
  3. Thomas William25 September 2019 at 13:46

    If you are searching some reliable or customized assignment help then you must try Allassignmenthelp.com because we are the best assignment help service providers with decades of Experience. So you can get high ranks and marks in theire academaic career.
    online assignment help
    SWOT Analysis of Apple

    ReplyDelete

Subscribe to: Post Comments ( Atom )