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
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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