EURUSD DAILY
50/50
Monday, December 31
Markets in Germany will remain closed for New Year’s Eve.
Tuesday, January 1
Markets in the U.S. and in Europe will remain closed in observance of New Year’s Day.
Wednesday, January 2
In the euro zone, Spain and Italy are to release official data on manufacturing activity, a leading indicator of economic health. In addition, Germany is to produce preliminary data on consumer price inflation.
Later in the day, the Institute of Supply Management is to produce a report on manufacturing growth in the U.S., a leading indicator of economic health.
Thursday, January 3
Official data is to be produced on German unemployment change. Separately, Spain is to publish a similar report.
Later Thursday, the U.S. is to release a report on ADP nonfarm payrolls, as well as its weekly government report on initial jobless claims. In addition, the Federal Reserve is to publish the minutes of its most recent policy-setting meeting.
Friday, January 4
The euro zone is to publish preliminary data on consumer price inflation, which accounts for the majority of overall inflation, as well as data on service sector activity.
In addition, Germany is to produce government data on retail sales, a leading indicator of economic health, while Italy and Spain will also release data on service sector growth.
The U.S. is to round up the week with official data on nonfarm payrolls, the foremost gauge of job creation, as well as data on the overall unemployment rate.
The country is also to release official data on factory orders, crude oil stockpiles and natural gas inventories. In addition, the ISM is to produce a report on service sector activity.
EURUSD 4hrs
scenario: Above 1.3211 look for further upside with 1.326 & 1.3285 as targets.
Short positions below 1.3211 with targets @ 1.32 & 1.3167 in extension.
Comment: the pair is rebounding but stands above 4hr anchor but below its resistance. and at weekly Pivot
No comments:
Post a Comment