Important upcoming events and publications for March 12 (GMT):
09:30 U.K. GDP and Industrial production are attracting the investors’ attention because of the uncertainty over Brexit Impact on economic performance. December GDP showed a sharp economy decline by 0.4% and industrial production declined in January by 0.5%.
12:30 U.S. Consumer Price Index is almost steadily slowing down on a y/y basis from July 2018, forming softer expectations for monetary policy. Meantime, the core index (excluding food and energy prices) remains at 2.2% y/y level.
Parliamentary voting on Brexit does not have an exact scheduled time, as it precedes the debates. Last time, January 15, the balance of power was 19:39. Then the PM May’s plan fails to get the support of the majority. The same result is expected this time, although the number of May supporters is predicted to grow.
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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