Here are the key factors to keep in mind today for Euro trades:
German Import Price Index: The German Import Price Index for July is predicted to decrease by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the German Import Price Index for June which decreased by 1.4% monthly and by 2.0% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for September is predicted at 9.6. Forex traders can compare this to the German GfK Consumer Confidence Survey for August which was reported at 9.7.
Italian Confidence Data: Italian Business Confidence for August is predicted at 99.8 and Italian Consumer Confidence is predicted at 109.6. Forex traders can compare this to Italian Business Confidence for July which was reported at 100.1 and to Italian Consumer Confidence which was reported at 113.4.
Eurozone Money Supply M3 and Private Sector Loans: Eurozone Money Supply M3 for July is predicted to increase by 4.7% annualized and Private Sector Loans are predicted to increase by 3.5% annualized. Forex traders can compare this to Eurozone Money Supply M3 for June which increased by 4.5% annualized and to Private Sector Loans which increased by 3.3% annualized.
Here are the key factors to keep in mind today for British Pound trades:
UK BRC Shop Price Index: The UK BRC Shop Price Index for August decreased by 0.4% annualized. Forex traders can compare this to the UK BRC Shop Price Index for July which decreased by 0.1% annualized.
UK Nationwide House Prices: UK Nationwide House Prices for August are predicted to increased by 0.1% monthly. Forex traders can compare this to UK Nationwide House Prices for July which increased by 0.3% monthly.
Should price action for the EURGBP remain inside the or breakdown below the 0.8985 to 0.9085 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9025
Take Profit Zone: 0.8615– 0.8720
Stop Loss Level: 0.9100
Should price action for the EURGBP breakout above 0.9085 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9115
Take Profit Zone: 0.9230– 0.9285
Stop Loss Level: 0.9085
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading represents the biggest sector of the financial market and PaxForex is home to one of the fastest growing communities of profitable forex traders, sign-up today and find out why!
German Import Price Index: The German Import Price Index for July is predicted to decrease by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the German Import Price Index for June which decreased by 1.4% monthly and by 2.0% annualized.
German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for September is predicted at 9.6. Forex traders can compare this to the German GfK Consumer Confidence Survey for August which was reported at 9.7.
Italian Confidence Data: Italian Business Confidence for August is predicted at 99.8 and Italian Consumer Confidence is predicted at 109.6. Forex traders can compare this to Italian Business Confidence for July which was reported at 100.1 and to Italian Consumer Confidence which was reported at 113.4.
Eurozone Money Supply M3 and Private Sector Loans: Eurozone Money Supply M3 for July is predicted to increase by 4.7% annualized and Private Sector Loans are predicted to increase by 3.5% annualized. Forex traders can compare this to Eurozone Money Supply M3 for June which increased by 4.5% annualized and to Private Sector Loans which increased by 3.3% annualized.
Here are the key factors to keep in mind today for British Pound trades:
UK BRC Shop Price Index: The UK BRC Shop Price Index for August decreased by 0.4% annualized. Forex traders can compare this to the UK BRC Shop Price Index for July which decreased by 0.1% annualized.
UK Nationwide House Prices: UK Nationwide House Prices for August are predicted to increased by 0.1% monthly. Forex traders can compare this to UK Nationwide House Prices for July which increased by 0.3% monthly.
Should price action for the EURGBP remain inside the or breakdown below the 0.8985 to 0.9085 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.9025
Take Profit Zone: 0.8615– 0.8720
Stop Loss Level: 0.9100
Should price action for the EURGBP breakout above 0.9085 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.9115
Take Profit Zone: 0.9230– 0.9285
Stop Loss Level: 0.9085
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading represents the biggest sector of the financial market and PaxForex is home to one of the fastest growing communities of profitable forex traders, sign-up today and find out why!