Here are the key factors to keep in mind today for Euro trades:
Italian Industrial New Orders and Industrial New Sales: Italian Industrial New Orders for August are predicted to increase by 1.9% monthly and to decrease by 2.6% annualized. Forex traders can compare this to Italian Industrial New Orders for July which decreased by 2.9% monthly and by 1.0% annualized. Italian Industrial New Sales for August are predicted to increase by 0.2% monthly and to decrease by 1.5% annualized. Forex traders can compare this to Italian Industrial New Orders for July which decreased by 0.5% monthly and by 0.6% annualized.
Italian CPI: The Preliminary Italian CPI for September is predicted to increase by 0.1% monthly and by 0.5% annualized. Forex traders can compare this to the Italian CPI for August which decreased by 0.5% monthly and which increased by 0.4% annualized. The Preliminary Italian Harmonized CPI for September is predicted to increase by 1.5% monthly and by 0.3% annualized. Forex traders can compare this to the Italian Harmonized CPI for August which was reported flat at 0.0% monthly and which increased by 0.5% annualized.
Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for September is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the Eurozone CPI for August which increased by 0.1% monthly and by 1.0% annualized. The Eurozone Core CPI for September is predicted to increase by 0.4% monthly and by 1.0% annualized. Forex traders can compare this to the Eurozone Core CPI for August which increased by 0.4% monthly and by 1.0% annualized.
Eurozone Trade Balance: The Eurozone Trade Balance for August is predicted at €17.5B. Forex traders can compare this to the Eurozone Trade Balance for July which was reported at €24.8B.
Here are the key factors to keep in mind today for US Dollar trades:
US Advanced Retail Sales: US Advanced Retail Sales for September are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.2% monthly. Forex traders can compare this to US Advanced Retail Sales for August which increased by 0.4% monthly and to Retail Sales Less Autos which were reported flat at 0.0% monthly. Retail Sales Less Autos and Gas for September are predicted to increase by 0.3% monthly and Retail Sales Control Group are predicted to increase by 0.3% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for August which increased by 0.1% monthly and to Retail Sales Control Group which increased by 0.3% monthly.
US Business Inventories: US Business Inventories for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Business Inventories for July which increased by 0.4% monthly.
US NAHB Housing Market Index: The US NAHB Housing Market Index for October is predicted at 68. Forex traders can compare this to the US NAHB Housing Market Index for September which was reported at 68.
Should price action for the EURUSD remain inside the or breakout above the 1.0990 to 1.1060 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1035
Take Profit Zone: 1.1185 – 1.1245
Stop Loss Level: 1.0950
Should price action for the EURUSD breakdown below 1.0990 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.0950
Take Profit Zone: 1.0840 – 1.0885
Stop Loss Level: 1.1035
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can add a second revenue stream as an affiliate? PaxForex has the best offers for affiliates and IB!
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We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
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Italian Industrial New Orders and Industrial New Sales: Italian Industrial New Orders for August are predicted to increase by 1.9% monthly and to decrease by 2.6% annualized. Forex traders can compare this to Italian Industrial New Orders for July which decreased by 2.9% monthly and by 1.0% annualized. Italian Industrial New Sales for August are predicted to increase by 0.2% monthly and to decrease by 1.5% annualized. Forex traders can compare this to Italian Industrial New Orders for July which decreased by 0.5% monthly and by 0.6% annualized.
Italian CPI: The Preliminary Italian CPI for September is predicted to increase by 0.1% monthly and by 0.5% annualized. Forex traders can compare this to the Italian CPI for August which decreased by 0.5% monthly and which increased by 0.4% annualized. The Preliminary Italian Harmonized CPI for September is predicted to increase by 1.5% monthly and by 0.3% annualized. Forex traders can compare this to the Italian Harmonized CPI for August which was reported flat at 0.0% monthly and which increased by 0.5% annualized.
Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for September is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the Eurozone CPI for August which increased by 0.1% monthly and by 1.0% annualized. The Eurozone Core CPI for September is predicted to increase by 0.4% monthly and by 1.0% annualized. Forex traders can compare this to the Eurozone Core CPI for August which increased by 0.4% monthly and by 1.0% annualized.
Eurozone Trade Balance: The Eurozone Trade Balance for August is predicted at €17.5B. Forex traders can compare this to the Eurozone Trade Balance for July which was reported at €24.8B.
Here are the key factors to keep in mind today for US Dollar trades:
US Advanced Retail Sales: US Advanced Retail Sales for September are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.2% monthly. Forex traders can compare this to US Advanced Retail Sales for August which increased by 0.4% monthly and to Retail Sales Less Autos which were reported flat at 0.0% monthly. Retail Sales Less Autos and Gas for September are predicted to increase by 0.3% monthly and Retail Sales Control Group are predicted to increase by 0.3% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for August which increased by 0.1% monthly and to Retail Sales Control Group which increased by 0.3% monthly.
US Business Inventories: US Business Inventories for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Business Inventories for July which increased by 0.4% monthly.
US NAHB Housing Market Index: The US NAHB Housing Market Index for October is predicted at 68. Forex traders can compare this to the US NAHB Housing Market Index for September which was reported at 68.
Should price action for the EURUSD remain inside the or breakout above the 1.0990 to 1.1060 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.1035
Take Profit Zone: 1.1185 – 1.1245
Stop Loss Level: 1.0950
Should price action for the EURUSD breakdown below 1.0990 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.0950
Take Profit Zone: 1.0840 – 1.0885
Stop Loss Level: 1.1035
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can add a second revenue stream as an affiliate? PaxForex has the best offers for affiliates and IB!
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
The Reliability on all Assets in the Market
Trusted Worldwide for over a Decade
Live Multi-Lingual Online Support 24/5