Important upcoming events and publications for February 4 (GMT):
10:00 Eurozone Producer price index rarely causes a big surge of EUR volatility. Nevertheless, PPI is a reliable inflationary indicator. The index is expected to fall by 0.7%, developing a marked inflation deceleration in the region. A sharper decline may cause pressure on a single currency.
15:00 U.S. Factory Orders may disrupt the quiet USD trading process amid the lack of other news. It is expected a 0.3% increase. Sharper growth is often seen as a sign of economic strength and can support the dollar.
See the detailed Economic calendar here
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies
