Here are the key factors to keep in mind today for Euro trades:
French CPI: The French CPI for September decreased by 0.3% monthly and increased by 0.9% annualized. Economists predicted a decrease of 0.3% monthly and an increase of 0.9% annualized. Forex traders can compare this to the French CPI for August which increased by 0.5% monthly and by 1.0% annualized. The French Harmonized CPI for September decreased by 0.4% monthly and increased by 1.1% annualized. Economists predicted a decrease of 0.4% monthly and an increase of 1.1% annualized. Forex traders can compare this to the French Harmonized CPI for August which increased by 0.5% monthly and by 1.3% annualized.
German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for October is predicted at -26.0 and the German ZEW Survey Economic Expectations Index at -27.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for September which was reported at -19.9 and to the German ZEW Survey Economic Expectations Index which was reported at -22.5. The Eurozone ZEW Survey Economic Sentiment Index for October is predicted at -33.0. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment Index for September which was reported at -22.4.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Industrial Production and Capacity Utilization: Final Japanese Industrial Production for August decreased by 1.2% monthly and by 4.7% annualized. Forex traders can compare this to previous Japanese Industrial Production for August which decreased by 1.2% monthly and by 4.7% annualized. Capacity Utilization for August decreased by 2.9% monthly. Forex traders can compare this to Capacity Utilization for July which increased by 1.1% monthly.
Japanese Tertiary Industry Index: The Japanese Tertiary Industry Index for August increased by 0.4% monthly. Economists predicted an increase of 0.6% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for July which increased by 0.1% monthly.
Should price action for the EURJPY remain inside the or breakdown below the 119.200 to 120.000 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 119.400
Take Profit Zone: 115.850 – 116.550
Stop Loss Level: 120.700
Should price action for the EURJPY breakout above 120.000 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 120.700
Take Profit Zone: 121.300 – 122.300
Stop Loss Level: 120.000
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French CPI: The French CPI for September decreased by 0.3% monthly and increased by 0.9% annualized. Economists predicted a decrease of 0.3% monthly and an increase of 0.9% annualized. Forex traders can compare this to the French CPI for August which increased by 0.5% monthly and by 1.0% annualized. The French Harmonized CPI for September decreased by 0.4% monthly and increased by 1.1% annualized. Economists predicted a decrease of 0.4% monthly and an increase of 1.1% annualized. Forex traders can compare this to the French Harmonized CPI for August which increased by 0.5% monthly and by 1.3% annualized.
German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for October is predicted at -26.0 and the German ZEW Survey Economic Expectations Index at -27.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for September which was reported at -19.9 and to the German ZEW Survey Economic Expectations Index which was reported at -22.5. The Eurozone ZEW Survey Economic Sentiment Index for October is predicted at -33.0. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment Index for September which was reported at -22.4.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Industrial Production and Capacity Utilization: Final Japanese Industrial Production for August decreased by 1.2% monthly and by 4.7% annualized. Forex traders can compare this to previous Japanese Industrial Production for August which decreased by 1.2% monthly and by 4.7% annualized. Capacity Utilization for August decreased by 2.9% monthly. Forex traders can compare this to Capacity Utilization for July which increased by 1.1% monthly.
Japanese Tertiary Industry Index: The Japanese Tertiary Industry Index for August increased by 0.4% monthly. Economists predicted an increase of 0.6% monthly. Forex traders can compare this to the Japanese Tertiary Industry Index for July which increased by 0.1% monthly.
Should price action for the EURJPY remain inside the or breakdown below the 119.200 to 120.000 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 119.400
Take Profit Zone: 115.850 – 116.550
Stop Loss Level: 120.700
Should price action for the EURJPY breakout above 120.000 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 120.700
Take Profit Zone: 121.300 – 122.300
Stop Loss Level: 120.000
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can earn more pips per trade at PaxForex? Switch now and see for yourself why more forex traders prefer PaxForex every day.
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