Important upcoming events and publications for February 21 (GMT):
08:15-09:00 Preliminary PMI for the eurozone in recent months has had a negative impact on the EUR, causing market participants frustration after weak releases. For the first time in six months, market analysts expect improvements, which is able to inspire euro buying.
13:30 U.S. Durable goods orders is a leading indicator of production trends and investment activity. It is expected the second consecutive month of growth of the overall figure by 0.8%. Stronger growth can support stock markets demand and cause some USD growth.
17:50 BOC Governor Stephen Poloz Speaks (the text of the speech will be published 15 minutes earlier) at the Chamber of Commerce and Industry of Montreal and he will probably focus on Canada’s economic performance. Optimistic economic assessments can support CAD.
See the detailed Economic calendar here
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- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
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- 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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