Important upcoming events and publications for January, 7 (GMT):
10:00 Eurozone Retail Sales rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region’s data, fearing signs of an unnecessarily abrupt economic cooling. The decline in sales can negatively affect the euro.
15:00 U.S. Non-manufacturing ISM is one of the most important indicators of business activity in the country. This publication can seriously spur volatility in pairs with #USD and in the stock markets. It is expected to fall from a very high level at 60.7 to 59.0. A sharper decline may be unfavorable for the dollar.
See the detailed Economic calendar here
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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