In this post I will mention what to expect in the weak ahead according to recent fundamentals?
FUNDAMENTAL KEY QUOTES
1- U.S. NFP, UNEMPLOYMENT RATE data analysis ( despite the rise in the NFP data, still the unemployment rate edged up because more people voluntarily left their jobs and the number of job seekers increased ).
2- U.S. inflation updates ( surge in home prices is scary and will drive the prices of other assets higher, former Treasury Secretary Larry Summers said.
3- U.S. monetary policy updates ( economy is recovering at a pace that won't rush the FED to taper yet ).
4- U.S. infrastructure spending updates ( Democrats are running the risk that holding out for additional trillions on child care and weakening the filibuster, they'll get nothing ).
5- EU-U.S. CALENDAR ANALYSIS ( signs for a slow in the pace of recovery in the U.S. and that the PMI and unemployment rate are in a better progress in EU ).
6- EU fiscal policy updates ( extended PEPP , extended fiscal support ).
What price action to expect ahead?
- ACCORDING TO RECENT FUNDAMENTALS I WOULD SAY THAT THE DOWNTREND IS EXPECTED TO LOSE MOMENTUM -
- PRICE RANGE IS EXPECTED TO BE (1.1800 - 1.2050) -
- IF NEXT FOMC MEETING HINTS FOR A DELAY IN TAPERING, WOULD BE A CONFIRMATION TO BREAK ABOVE 1.1990 -
- BUYING OPPORTUNTIES LIE BETWEEN (1.1820 - 1.1750 IF FAKES OUTs TAKE PLACES (NOT RULED OUT)) -
- ANY DOWNBEAT EU DATA AHEAD WOULD CAUSE A BOTTOM RANGE CONSOLIDATION (1.1800 - 1.1900) -
- ANY UPBEAT U.S. DATA WOULD NOT PUSH FOR LOWER LOWS BUT WOULD ALSO CAUSE A BOTTOM RANGE CONSOLIDATION (1.1800 - 1.1900).
- THIS OUTLOOK REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY -
FUNDAMENTAL KEY QUOTES
1- U.S. NFP, UNEMPLOYMENT RATE data analysis ( despite the rise in the NFP data, still the unemployment rate edged up because more people voluntarily left their jobs and the number of job seekers increased ).
2- U.S. inflation updates ( surge in home prices is scary and will drive the prices of other assets higher, former Treasury Secretary Larry Summers said.
3- U.S. monetary policy updates ( economy is recovering at a pace that won't rush the FED to taper yet ).
4- U.S. infrastructure spending updates ( Democrats are running the risk that holding out for additional trillions on child care and weakening the filibuster, they'll get nothing ).
5- EU-U.S. CALENDAR ANALYSIS ( signs for a slow in the pace of recovery in the U.S. and that the PMI and unemployment rate are in a better progress in EU ).
6- EU fiscal policy updates ( extended PEPP , extended fiscal support ).
What price action to expect ahead?
- ACCORDING TO RECENT FUNDAMENTALS I WOULD SAY THAT THE DOWNTREND IS EXPECTED TO LOSE MOMENTUM -
- PRICE RANGE IS EXPECTED TO BE (1.1800 - 1.2050) -
- IF NEXT FOMC MEETING HINTS FOR A DELAY IN TAPERING, WOULD BE A CONFIRMATION TO BREAK ABOVE 1.1990 -
- BUYING OPPORTUNTIES LIE BETWEEN (1.1820 - 1.1750 IF FAKES OUTs TAKE PLACES (NOT RULED OUT)) -
- ANY DOWNBEAT EU DATA AHEAD WOULD CAUSE A BOTTOM RANGE CONSOLIDATION (1.1800 - 1.1900) -
- ANY UPBEAT U.S. DATA WOULD NOT PUSH FOR LOWER LOWS BUT WOULD ALSO CAUSE A BOTTOM RANGE CONSOLIDATION (1.1800 - 1.1900).
- THIS OUTLOOK REMAINS ONLY TILL UPCOMING NEWS AND DATA THAT MAY CHANGE THE PRICE RANGE, SO I WILL UPDATE ACCORDINGLY -