the relay news difference is 5 minutes, which may indicate a small rising trend. And so relay race, Italy, France further Germany and the completion of the EU. The statistics of all news shows a small but still downward. I do not believe in this statistic and I will choose for myself a little (for Monday) and still raise. The Trend still supports it. And if we recall the efforts of EU members (to support the euro) last Sunday and the Fed members (to lower the dollar), it turns out that the market has listened to their aspirations.
Similarly, after the European indicators of "business activity in the manufacturing sector" followed by the British. He predicts an increase of 0.5 points, to 51.6. In my opinion, this will not happen, and after the publication of the data, the currency pair will decrease by 5-10 points.
The index of business activity in the manufacturing branch of Canada is 53.9. In my opinion, this figure will decrease. Therefore, on the fundamental side, it would be logical to make a forecast towards the bulls. And from the technical one should expect corrections after last week's fall of Canadian. I support the Canadian dollar.
Following the European indicators of business activity in the manufacturing sector, American and American ones are also pinned. Here in my opinion not everything is so smooth. the forecast shows an increase in this indicator, but it seems to me that there will be a decline to 57.6. Therefore, at the time of publication of the data, I forecast a decline in the pair.
It seems that the RBA will maintain a record low throughout 2018, as it is expected that “a one-time decrease in some regulated prices in the September quarter will lead to the fact that core inflation in 2018 will be slightly lower at 1 percent” and the central bank may simply try to buy more time, even if Australian households and businesses face increased mortgage spending.
Inflation in UK house prices accelerated in November more than expected, after a slowdown in the previous month, data from the National Building Society (Nationwide) showed.
The housing price index rose by 1.9% over the same period last year, after rising 1.6% in October. In August and September, the price increase was 2%. Economists had expected housing prices to rise by 1.7%.
(GDP) is a general indicator of economic activity and is a key indicator of the health of the economy. The quarterly dynamics of percent of GDP shows the growth rate of the economy as a whole. Indicators above expected are considered as positive / bullish direction AUD, and indicators below expected indicate a negative / bear market for AUD.
if we assess the situation on the EUR / USD pair more globally, the undoubted priority here remains on the dollar side. The US economy continues to show good growth momentum, while in Europe and other leading countries of the world we are seeing a gradual slowdown in positive dynamics.
Ahead of the key event, the pair saw the correction a bit with the handle 1.3200, about 1-1 / 2 months. If the central bank sticks to its hawkish position, the pair is likely to move further below the immediate support of 1.3155 to retest the 1.3100 round mark. This handle denotes a confluence zone consisting of a 50-day SMA and a short-term descending point of channel resistance, and is likely to protect any subsequent flaw.
The US dollar rate has been steadily strengthening against the Japanese yen since the end of March this year, with the result that the USD / JPY rate has risen from a low of 104.60 by almost 1000 points and is currently trading at 113.90. It is worth noting that the chart has formed a clear upward price channel, from which quotes fought off last week, after which they show a steady growth.