EUR/USD
Eyes on today U.S. CPI and FOMC Meeting.
U.S. Nonfarm Payrolls and Unemployment Rate came better than analysts’ expectations.
U.S. CPI (Inflation) ticked higher than expected. On the other hand, German industrial output fell unexpectedly in October on a sharp drop in production of capital goods, pointing to persistent weakness. Industrial output dropped by 1.7% on the month, confounding expectations for a 0.1% rise.
Federal Reserve Chairman Jerome Powell said the current stance of monetary policy is likely to be sufficient provided the economy stays on track, but warned that “noteworthy risks” remain to the record U.S. expansion.
We are Neutral from Bearish. Eyes on 1.11 Support level test. A confirmed breakout led down to 1.1055 important Demand Area. On the other hand, a confirmed breakout of 1.12 would quickly drag the price up to 1.1268, important Supply Area.
Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:
Weekly Trend: Neutral
1st Resistance: 1.1100
2nd Resistance: 1.1268
1st Support: 1.1055
2nd Support: 1.0980
EUR
Recent Facts:
5th of December, Eurozone Services PMI
Better than Expected
14th of December, German Manufacturing PMI
Worse than Expected
17th of December, Eurozone CPI
Lower than Expected
4th of January, German Unemployment + CPI (Preliminary release)
German Unemployment Better than Expected, CPI ticked Lower than Expected
24th of January, German Manufacturing PMI
Worse than expected
21st of February, German Manufacturing PMI
Worse than expected
22nd of February, Eurozone CPI
As Expected
22nd of March, German Manufacturing PMI, Eurozone Manufacturing PMI
Worse than expected
28th of March, Spanish and German CPI data
Lower than expected
29th of March, German Job Market, Eurozone CPI (Preliminary)
Worse than expected
1st of April, German Manufacturing PMI
Worse than expected
1st of April, Eurozone CPI (Preliminary release)
Lower than expected
18th of April, German Manufacturing PMI
Worse than expected
30th of April, German Unemployment Change
Better than expected
3rd of May, Eurozone CPI (Inflation) data
Higher than expected
23rd of May, German Manufacturing PMI
Worse than expected
4th of June, CPI, Preliminary release
Lower than expected
5th of June, Services PMI
Better than expected
21st of June, German Manufacturing PMI
Better than expected
17th of July, CPI
Higher than expected
24th of July, German Manufacturing PMI
Worse than Expected
25th of July, ECB Interest Rate Statement
European Central Bank signaled a future cut in its official interest rates to new record lows
22nd of August, German Manufacturing PMI
Better than Expected
2nd of September, German Manufacturing PMI
Worse than expected
30th of September, German Unemployment Change and German CPI (Inflation data)
Better than Expected
16th of October, CPI
Lower than expected
24th of October, German Manufacturing PMI
Worse than expected
30th of October, German Unemployment Change
Worse than expected
29th of November, CPI
Higher than Expected
USD
Recent Facts:
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
24th of July, German and Eurozone Manufacturing PMI data
Worse than Expected
26th of July, GDP data
Better than expected
31st of July, German Unemployment
Better than expected
1st of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
GBP/USD
Last UK GDP data didn’t shine at all.
Sterling higher amid hopes rose that the Conservative Party will win the upcoming election and the U.K. will leave the European Union as planned. Last UK Manufacturing and Services came lower than expected.
UK Prime Minister Boris Johnson called for a general election on Dec. 12 to break Britain's Brexit impasse, conceding for the first time he will not meet his "do or die" deadline to leave the European Union next week. European Union Council President Donald Tusk confirmed that the EU has agreed to extend the deadline for Brexit until Jan. 31, 2020.
We are strongly Bullish. As we wrote in the previous commentaries, eyes to 1.3023 area hit and broken up. Now we expect a consolidation around 1.323 important Supply Area.
Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:
Weekly Trend: Bullish
1st Resistance: 1.3203
2nd Resistance: 1.3285
1st Support: 1.2880
2nd Support: 1.2753
GBP
Recent Facts:
19th of February, Job Market
Worse than Expected
19th of March, Job Market
Contrasted
20th of March, CPI
Higher than Expected
21st of March, Retail Sales data
Better than Expected
29th of March, GDP
Better than Expected
2nd of April, Construction PMI
Worse than Expected
3rd of April, Services PMI
Worse than Expected
10th of April, GDP and Manufacturing Production
Better than Expected
17th of April, CPI
Lower than Expected
18th of April, Retail Sales
Better than Expected
1st of May, Manufacturing PMI
Worse than Expected
10th of May, Industrial Production and Trade Balance
Better than Expected
22nd of May, CPI
Lower than Expected
24th of May, Retail Sales
Better than Expected
4th of June, Construction PMI
Worse than Expected
10th of June, GDP data
Worse than Expected
2nd of July, Construction PMI
Worse than Expected (Lowest since 2009)
3rd of July, Services PMI
Worse than Expected
10th of July, Manufacturing Production data
Worse than Expected
16th of July, UK Job Market data
Worse than Expected
18th of July, Retail Sales
Better than Expected
5th of August, Services PMI
Better than Expected
9th of August, GDP data + Manufacturing Production
Worse than Expected
2nd of September, Manufacturing PMI
Worse than expected
9th of September, GDP and Manufacturing Production
Better than Expected
10th of September, Job Market
Better than Expected
18th of September, CPI
Lower than expected
19th of September, Retail Sales
Worse than expected
30th of September, GDP data
Higher than Expected
2nd of October, Construction PMI
Worse than expected
3rd of October, UK Services PMI data
Worse than expected
10th of October, GDP and Manufacturing Production data
GDP Better than Expected, Manufacturing Worse than expected
15th of October, Job Market
Better than Expected
15th of October, CPI
Lower than expected
7th of November, BoE Interest Rate Decision
Interest Rate Unchanged but two members of its monetary policy committee voted for a cut, the first time in over a year that the committee has been split
13th of November, CPI
Ticked lower, but still at 1.5%
22nd of November, Manufacturing PMI + Services PMI
Lower than expected
10th of December, GDP data
Worse than expected
USD
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
26th of July, GDP data
Better than expected
2nd of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
AUD/USD
Eyes on today U.S. CPI and FOMC Meeting.
U.S. Nonfarm Payrolls and Unemployment Rate came better than analysts’ expectations.
Last Australia Retail Sales data again worse than expected.
Australia GDP data ticked lower. Australia RBA Board expects inflation to pick up gradually to be close to 2% in 2020 and 2021. The Board is prepared to ease monetary policy further if needed to support economic growth, full employment and the inflation target over time.
Last U.S. Retail Sales release disappointed expectations but both last U.S. CPI (Inflation) data and last U.S. GDP data ticked higher than expected.
We are Neutral from Overbought. We expect a test in area 0.6988. While 0.7044, important Supply Area, is the second target if 0.69 will be consistently and relevantly violated on the upside.
Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:
Weekly Trend: Neutral
1st Resistance: 0.6875
2nd Resistance: 0.6988
1st Support: 0.6710
2nd Support: 0.6630
AUD
Recent Facts:
6th of June, Australia GDP
Better than Expected
14th of June, Australia Job Market
Worse than Expected
4th of July, Australia Retail Sales
Slightly better than Expected
19th of July, Employment Change
Better than Expected
25th of July, CPI
Lower than Expected
1st of August, AIG Manufacturing Index
Worse than Expected
2nd of August, Retail Sales,
Better than Expected
16th of August, Employment Change
Worse than Expected
30th of August, HIA New Home Sales + Private New Capital Expenditure
Worse than Expected
12th of September, Westpac Consumer Sentiment
Worse than Expected
13th of September, Employment Change
Better than Expected
5th of October, Retail Sales
As Expected
18th of October, Job Market
Worse than Expected
30th of October, Building Approvals
Worse than Expected
31st of October, Australia CPI
Lower than Expected
1st of November, Australia Retail Sales
Worse than Expected
15th of November, Australia Employment Change
Better than Expected
29th of November, Australia New Home Sales + Private New Capital Expenditure
Worse than Expected
5th of December, GDP
Worse than Expected
11th of January, Retail Sales
Better than Expected
24th of January, Employment Change
Better than Expected
30th of January, CPI
Better than Expected
5th of February, Retail Sales
Worse than Expected
21st of February, Job Market
Better than Expected
21st of March, Job Market
Worse than Expected
3rd of March, Retail Sales
Better than Expected
18th of April, Job Market
Better than Expected
24th of April, CPI
Lower than expected
7th of May, Australia Retail Sales
Worse than Expected (weakest quarter in seven years)
13th of May, Home Loans
Worse than Expected
16th of May, Unemployment Rate
Higher than expected
4th of June, Retail Sales and RBA Interest Rate Statement
Retail Sales Worse than Expected, RBA cuts interest Rates as expected at 1.25%
5th of June, GDP
Worse than Expected
13th of June, Employment Change
Better than Expected
3rd of July, Australia Trade Balance and Building Approvals
Better than Expected
4th of July, Australia Retail Sales
Worse than Expected
18th of July, Job Market data
Worse than Expected
31st of July, CPI
Higher than Expected
2nd of August, Retail Sales data
Better than Expected
3rd of September, Retail sales
Worse than Expected
18th of September, job Market
Worse than Expected
17th of October, Employment Change
Worse than Expected
4th of November, Retail Sales
Worse than Expected
14th of November, Employment Change
Worse than Expected
4th of December, GDP
Lower than Expected
5th of December, Retail Sales
Worse than Expected
USD
Recent Facts:
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
26th of July, GDP data
Better than expected
2nd of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
https://sgtmarkets.com/forex-analysis-2019-12-11-2/
Eyes on today U.S. CPI and FOMC Meeting.
U.S. Nonfarm Payrolls and Unemployment Rate came better than analysts’ expectations.
U.S. CPI (Inflation) ticked higher than expected. On the other hand, German industrial output fell unexpectedly in October on a sharp drop in production of capital goods, pointing to persistent weakness. Industrial output dropped by 1.7% on the month, confounding expectations for a 0.1% rise.
Federal Reserve Chairman Jerome Powell said the current stance of monetary policy is likely to be sufficient provided the economy stays on track, but warned that “noteworthy risks” remain to the record U.S. expansion.
We are Neutral from Bearish. Eyes on 1.11 Support level test. A confirmed breakout led down to 1.1055 important Demand Area. On the other hand, a confirmed breakout of 1.12 would quickly drag the price up to 1.1268, important Supply Area.
Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:
Weekly Trend: Neutral
1st Resistance: 1.1100
2nd Resistance: 1.1268
1st Support: 1.1055
2nd Support: 1.0980
EUR
Recent Facts:
5th of December, Eurozone Services PMI
Better than Expected
14th of December, German Manufacturing PMI
Worse than Expected
17th of December, Eurozone CPI
Lower than Expected
4th of January, German Unemployment + CPI (Preliminary release)
German Unemployment Better than Expected, CPI ticked Lower than Expected
24th of January, German Manufacturing PMI
Worse than expected
21st of February, German Manufacturing PMI
Worse than expected
22nd of February, Eurozone CPI
As Expected
22nd of March, German Manufacturing PMI, Eurozone Manufacturing PMI
Worse than expected
28th of March, Spanish and German CPI data
Lower than expected
29th of March, German Job Market, Eurozone CPI (Preliminary)
Worse than expected
1st of April, German Manufacturing PMI
Worse than expected
1st of April, Eurozone CPI (Preliminary release)
Lower than expected
18th of April, German Manufacturing PMI
Worse than expected
30th of April, German Unemployment Change
Better than expected
3rd of May, Eurozone CPI (Inflation) data
Higher than expected
23rd of May, German Manufacturing PMI
Worse than expected
4th of June, CPI, Preliminary release
Lower than expected
5th of June, Services PMI
Better than expected
21st of June, German Manufacturing PMI
Better than expected
17th of July, CPI
Higher than expected
24th of July, German Manufacturing PMI
Worse than Expected
25th of July, ECB Interest Rate Statement
European Central Bank signaled a future cut in its official interest rates to new record lows
22nd of August, German Manufacturing PMI
Better than Expected
2nd of September, German Manufacturing PMI
Worse than expected
30th of September, German Unemployment Change and German CPI (Inflation data)
Better than Expected
16th of October, CPI
Lower than expected
24th of October, German Manufacturing PMI
Worse than expected
30th of October, German Unemployment Change
Worse than expected
29th of November, CPI
Higher than Expected
USD
Recent Facts:
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
24th of July, German and Eurozone Manufacturing PMI data
Worse than Expected
26th of July, GDP data
Better than expected
31st of July, German Unemployment
Better than expected
1st of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
GBP/USD
Last UK GDP data didn’t shine at all.
Sterling higher amid hopes rose that the Conservative Party will win the upcoming election and the U.K. will leave the European Union as planned. Last UK Manufacturing and Services came lower than expected.
UK Prime Minister Boris Johnson called for a general election on Dec. 12 to break Britain's Brexit impasse, conceding for the first time he will not meet his "do or die" deadline to leave the European Union next week. European Union Council President Donald Tusk confirmed that the EU has agreed to extend the deadline for Brexit until Jan. 31, 2020.
We are strongly Bullish. As we wrote in the previous commentaries, eyes to 1.3023 area hit and broken up. Now we expect a consolidation around 1.323 important Supply Area.
Our special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001:
Weekly Trend: Bullish
1st Resistance: 1.3203
2nd Resistance: 1.3285
1st Support: 1.2880
2nd Support: 1.2753
GBP
Recent Facts:
19th of February, Job Market
Worse than Expected
19th of March, Job Market
Contrasted
20th of March, CPI
Higher than Expected
21st of March, Retail Sales data
Better than Expected
29th of March, GDP
Better than Expected
2nd of April, Construction PMI
Worse than Expected
3rd of April, Services PMI
Worse than Expected
10th of April, GDP and Manufacturing Production
Better than Expected
17th of April, CPI
Lower than Expected
18th of April, Retail Sales
Better than Expected
1st of May, Manufacturing PMI
Worse than Expected
10th of May, Industrial Production and Trade Balance
Better than Expected
22nd of May, CPI
Lower than Expected
24th of May, Retail Sales
Better than Expected
4th of June, Construction PMI
Worse than Expected
10th of June, GDP data
Worse than Expected
2nd of July, Construction PMI
Worse than Expected (Lowest since 2009)
3rd of July, Services PMI
Worse than Expected
10th of July, Manufacturing Production data
Worse than Expected
16th of July, UK Job Market data
Worse than Expected
18th of July, Retail Sales
Better than Expected
5th of August, Services PMI
Better than Expected
9th of August, GDP data + Manufacturing Production
Worse than Expected
2nd of September, Manufacturing PMI
Worse than expected
9th of September, GDP and Manufacturing Production
Better than Expected
10th of September, Job Market
Better than Expected
18th of September, CPI
Lower than expected
19th of September, Retail Sales
Worse than expected
30th of September, GDP data
Higher than Expected
2nd of October, Construction PMI
Worse than expected
3rd of October, UK Services PMI data
Worse than expected
10th of October, GDP and Manufacturing Production data
GDP Better than Expected, Manufacturing Worse than expected
15th of October, Job Market
Better than Expected
15th of October, CPI
Lower than expected
7th of November, BoE Interest Rate Decision
Interest Rate Unchanged but two members of its monetary policy committee voted for a cut, the first time in over a year that the committee has been split
13th of November, CPI
Ticked lower, but still at 1.5%
22nd of November, Manufacturing PMI + Services PMI
Lower than expected
10th of December, GDP data
Worse than expected
USD
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
26th of July, GDP data
Better than expected
2nd of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
AUD/USD
Eyes on today U.S. CPI and FOMC Meeting.
U.S. Nonfarm Payrolls and Unemployment Rate came better than analysts’ expectations.
Last Australia Retail Sales data again worse than expected.
Australia GDP data ticked lower. Australia RBA Board expects inflation to pick up gradually to be close to 2% in 2020 and 2021. The Board is prepared to ease monetary policy further if needed to support economic growth, full employment and the inflation target over time.
Last U.S. Retail Sales release disappointed expectations but both last U.S. CPI (Inflation) data and last U.S. GDP data ticked higher than expected.
We are Neutral from Overbought. We expect a test in area 0.6988. While 0.7044, important Supply Area, is the second target if 0.69 will be consistently and relevantly violated on the upside.
Our special Fibo Retracements are confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2012:
Weekly Trend: Neutral
1st Resistance: 0.6875
2nd Resistance: 0.6988
1st Support: 0.6710
2nd Support: 0.6630
AUD
Recent Facts:
6th of June, Australia GDP
Better than Expected
14th of June, Australia Job Market
Worse than Expected
4th of July, Australia Retail Sales
Slightly better than Expected
19th of July, Employment Change
Better than Expected
25th of July, CPI
Lower than Expected
1st of August, AIG Manufacturing Index
Worse than Expected
2nd of August, Retail Sales,
Better than Expected
16th of August, Employment Change
Worse than Expected
30th of August, HIA New Home Sales + Private New Capital Expenditure
Worse than Expected
12th of September, Westpac Consumer Sentiment
Worse than Expected
13th of September, Employment Change
Better than Expected
5th of October, Retail Sales
As Expected
18th of October, Job Market
Worse than Expected
30th of October, Building Approvals
Worse than Expected
31st of October, Australia CPI
Lower than Expected
1st of November, Australia Retail Sales
Worse than Expected
15th of November, Australia Employment Change
Better than Expected
29th of November, Australia New Home Sales + Private New Capital Expenditure
Worse than Expected
5th of December, GDP
Worse than Expected
11th of January, Retail Sales
Better than Expected
24th of January, Employment Change
Better than Expected
30th of January, CPI
Better than Expected
5th of February, Retail Sales
Worse than Expected
21st of February, Job Market
Better than Expected
21st of March, Job Market
Worse than Expected
3rd of March, Retail Sales
Better than Expected
18th of April, Job Market
Better than Expected
24th of April, CPI
Lower than expected
7th of May, Australia Retail Sales
Worse than Expected (weakest quarter in seven years)
13th of May, Home Loans
Worse than Expected
16th of May, Unemployment Rate
Higher than expected
4th of June, Retail Sales and RBA Interest Rate Statement
Retail Sales Worse than Expected, RBA cuts interest Rates as expected at 1.25%
5th of June, GDP
Worse than Expected
13th of June, Employment Change
Better than Expected
3rd of July, Australia Trade Balance and Building Approvals
Better than Expected
4th of July, Australia Retail Sales
Worse than Expected
18th of July, Job Market data
Worse than Expected
31st of July, CPI
Higher than Expected
2nd of August, Retail Sales data
Better than Expected
3rd of September, Retail sales
Worse than Expected
18th of September, job Market
Worse than Expected
17th of October, Employment Change
Worse than Expected
4th of November, Retail Sales
Worse than Expected
14th of November, Employment Change
Worse than Expected
4th of December, GDP
Lower than Expected
5th of December, Retail Sales
Worse than Expected
USD
Recent Facts:
19th of December, Fed Meeting
The Federal Open Market Committee raised the fed funds rate 25 basis points but signalled Slower Pace of Hikes in 2019
21st of December, GDP
Worse than expected
1st of February, Nonfarm Payrolls, Unemployment Rate
Better than Expected
14th of February, Retail Sales
Worse than expected
28th of March, U.S. GDP data
Lower than expected
5th of April, Nonfarm Payrolls, Employment Change
Better than Expected
10th of April, Core CPI (Inflation)
Lower than expected
18th of April, Retail Sales
Better than Expected
26th of April, U.S. GDP data
U.S. GDP data up but U.S. Inflation still on the downbeat
1st of May: Fed FOMC Statement
U.S. Fed Chair Powell said the central bank's current path of monetary policy was appropriate
3rd of May, Nonfarm Payrolls and Unemployment Rate
Better than Expected
3rd of May, ISM Non-Manufacturing Purchasing Managers Index (PMI)
Worse than Expected
10th of May, CPI
As Expected
15th of May, Retail Sales
Worse than Expected
30th of May, GDP
GDP data as expected but GDP Price Index continues its freefall
5th of June, ISM Non-Manufacturing PMI
Better than expected
7th of June, Nonfarm Payrolls
Worse than Expected
12th of June, CPI
Lower than Expected
19th of June, FOMC Statement
Dovish (Interest Rate cut imminent)
25th of June, CB Consumer Confidence
Lower than Expected
27th of June, GDP data
As Expected
5th of July, Nonfarm Payrolls and Unemployment Rate
Nonfarm payrolls Better than expected but Unemployment Rate ticked up
11th of July, Core CPI
Higher than expected
16th of July, U.S. Retail Sales data
Better than expected
26th of July, GDP data
Better than expected
2nd of August, ISM Manufacturing PMI
Worse than Expected
5th of September, ADP Nonfarm U.S. ISM Non-Manufacturing PMI
Better than Expected
13th of September, U.S. Retail Sales data
Better than Expected
1st of October, ISM Manufacturing PMI
Worse than Expected
2nd of October, ADP Nonfarm Employment Change
Worse than Expected
4th of October, Unemployment Rate
Better than Expected
30th of October, GDP
Better than Expected
30th of October, Interest Rate
The Federal Open Market Committee cut its fed funds rate to a range of 1.5% to 1.75% from a previous range of 1.75% to 2.00%
1st of November, Nonfarm Payrolls, Unemployment Rate
Better than Expected
13th of November, CPI
Higher than Expected
15th of November, Retail Sales
Worse than Expected
27th of November, GDP
Better than Expected
6th of December, Nonfarm Payrolls, Unemployment Rate
Better than Expected
Eyes on today release: CPI
https://sgtmarkets.com/forex-analysis-2019-12-11-2/