Important upcoming events and publications for March 19 (GMT):
09:30 U.K. Claimant Count Change is a significant indicator of business activity. The uncertainty surrounding Brexit reinforces the attention to this release. Claimant Count growth is regarded as a negative signal for the British market and is able to exert pressure on the Pound.
10:00 German ZEW Economic Sentiment Index is considered a reliable indicator of economic growth in Germany, attracting traders’ attention and is able to cause EUR fluctuations in case of deviation from expectations. Since November last year, the indicator has shown growth, but it remains in the negative zone, reflecting the prevalence of pessimism.
14:00 U.S. Factory Orders is a significant indicator of business activity. Markets were disappointed with data for November and December, which showed a sharp decline of 1.9% over 2 months excluding the transport sector. Some improvement is expected from the January data. Strong numbers are able to ease the dollar decline.
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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