Its a relatively quiet start to the week. German industrial production figures will be in focus. Ahead of the open, trade data from the weekend and chatter from China will set the tone.
IndustryThe direction of the market next week is likely to be determined by trader reaction to $2.706 to $2.622.
IndustryThe potential market moving event this week occurred over the weekend when the U.S. Senate passed a $1.9 trillion coronavirus relief package.
IndustryFridays price action suggests the direction of the March U.S. Dollar Index on Monday will be determined by trader reaction to 92.310.
IndustryThe direction of the April Comex gold market on Monday is likely to be determined by trader reaction to the major Fibonacci level at $1711.70.
IndustryCommentary last week reported currency pairs EUR/USD 1.2061, AUD/USD 0.7657 and USD/CAD 1.2783 were located in crucial positions to determine much lower on a break or hold and travel higher. EUR/USD broke and traded 169 pips lower to 1.1892.
IndustryWhile economic data is on the lighter side in the week ahead, theres plenty for the markets to consider. The BoC and the ECB are also in action in the week ahead.
IndustryA Dollar rally in the week, fueled by rising yields and FED Chair Powell, left the majors deep in the red in spite of economic data being skewed to the positive.
IndustryIt was a bullish start to the month for the European majors, supported by impressive manufacturing sector PMIs. Reinflation concerns lingered, however.
IndustryThe U.S. economy added 379,000 jobs in February.
IndustryGerman factory orders rise by more than expected in January. While failing to provide immediate EUR support, the numbers should provide some cushion early on.
IndustryU.S. stocks fell sharply on Thursday after remarks from Fed Chair Powell disappointed investors worried about rising longer-term U.S. bond yields.
IndustryIts another relatively busy day ahead on the economic calendar. Stats from Germany and the U.S will be in focus as market sensitivity to yields lingers.
IndustryInitial Jobless Claims and Continuing Jobless Claims reports were mostly in line with the analyst consensus.
IndustryThe major Asia-Pacific stock indexes finish lower across the board on Thursday, led by a steep drop
IndustryEconomic data from the Eurozone failed to give the EUR a bottom, with retail sales falling by more than expected.
IndustryEconomic data for the Eurozone and from the U.S, together with the ECB Economic Bulletin will be in focus through the day.
IndustryEUR/USD is testing the resistance level at 1.2080.
IndustryOverall currency markets are confronted by a crucial yet extremely cautious week ahead. Price ranges this week are running at the widest points in many months and adds to the potential of big moves.
IndustryGold is just an investment that competes for capital just like bonds, stocks and now cryptocurrencies.
Industry
WikiFX
| News
2021/3/6 2:01:01
WikiFX
| News
2021/3/7 2:01:01
WikiFX
| News
2021/3/8 6:58:17
WikiFX
| News
2021/3/8 7:10:30
WikiFX
| News
2021/3/8 1:51:18
WikiFX
| News
2021/3/8 1:45:01
WikiFX
| News
2021/3/8 6:04:32
WikiFX
| News
2021/3/8 8:43:51
WikiFX
| Industry
2021/3/7 8:38:14
WikiFX
| News
2021/3/8 8:24:13
For more comprehensive data
Please download WikiFX APPThe Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.