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MARKET OUTLOOK
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EUR - BEARISH
1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery.
2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany.
3️⃣ Industrial production data today is forecast to be low following the decline in industrial production in Germany.
JPY - BULLISH
1️⃣ Expect there is demand in safe-haven assets this week ahead of the FOMC meeting early Thursday morning.
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TECHNICAL
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- We're looking to short this pair on Pivot point + SBR level + SMA50 area on H1 chart.
MARKET OUTLOOK
=====
EUR - BEARISH
1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery.
2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany.
3️⃣ Industrial production data today is forecast to be low following the decline in industrial production in Germany.
JPY - BULLISH
1️⃣ Expect there is demand in safe-haven assets this week ahead of the FOMC meeting early Thursday morning.
=====
TECHNICAL
=====
- We're looking to short this pair on Pivot point + SBR level + SMA50 area on H1 chart.