|Day's Range||0.754 - 0.756|
|52 Week Range||0.7373 - 0.7740|
A spike in coronavirus deaths in China on Wednesday tests the market resolve early on. A light economic indicator will leave the news wires in focus.
The Kiwi Dollar is on the move early as the RBNZ talks up the economy and downplays the likely effects of the coronavirus. Stats and Powell are in focus later.
Monday’s price action and the current price at 98.725 likely means the direction of the index on Tuesday will be determined by trader reaction to yesterday’s high at 98.770. The upside momentum is strong so we’d like to see the trend confirmed by a new higher-high.
The Aussie Dollar got an early boost, courtesy of impressive inflation numbers out of China. It’s a quiet day ahead on the calendar, however.
It’s a busy day ahead. China’s trade data and German industrial production numbers will be in focus ahead of U.S stats later in the day.
It’s been quite a week for the majors. While the spread of the coronavirus continued, economic data out of the U.S impressed. it’s not over yet though…
It’s a busy day ahead on the economic calendar, with services sector PMIs out of the Eurozone and the U.S and trade data out of Canada in focus.
It’s a relatively quiet day ahead on the economic data front, with U.S factory orders the headline stat of the day ahead….
It’s a mixed start to the day. While the Yen eases back, the equity markets see red early as the Chinese markets reopen after the extended break.
It’s a busy day ahead. Economic data will need to impress to distract the markets from news on the coronavirus. It’s also Britain’s last day in the EU…
Yesterday’s FOMC did not bring much to the global trading activity. That should not surprise us as FED didn’t change anything and met the traders’ expectations. With the FOMC being uneventful, traders focused again on the Coronavirus and the rising number of cases.
It’s a busy day ahead, with economic data from the Eurozone and the U.S in focus. On the monetary policy front, the BoE and the Pound are in action…
It’s a relatively quiet day on the economic calendar, leaving the coronavirus in focus ahead of the FED’s first policy decision of the year.
It could be another choppy day ahead for the majors. While economic data out of the U.S will influence, the majors will be in the hands of the news wires.
It’s a busy day ahead, with private sector PMIs for January to set the tone. Expect retail sales figures from Canada to also drive the Loonie.
Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?
More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.