Important upcoming events and publications for March 18 (GMT):
10:00 The eurozone trade balance shows growth due to higher European goods competitiveness after last year EUR weakening. In January it is expected the increase from 15.6 Bln to 17.2 Bln. Better than expected data can support the euro through speculations related to the economic situation improvement.
14:00 U.S. NAHB Housing Market Index rarely causes market movements, but participants may be interested in publishing in the absence of other important news. This index had decreased until December, highlighting the worries about the industry. In January and February, we witnessed growth, which is expected to remain in March.
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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