Throughout the first day of the new week EURUSD remained consolidated at the levels of 1.0960/85.
Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%.
The Eurogroup Meeting is another key event of the day that is likely to have an impact on currency markets.
A little later in the day, however, the Bank of New Zealand is expected to cut interest rates more aggressively by 0.5% following the new trend of interest rate cuts around the world.
From World-Signals.com, we expect a slight strengthening of the Euro, but it is very likely that the downward trend will continue towards the end of the week. Bet on a strategy to sell on slight bounces up to 1.1010+ with daily gains of 20-35 pips or short positions with bigger gains towards the end of the week.
Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%.
The Eurogroup Meeting is another key event of the day that is likely to have an impact on currency markets.
A little later in the day, however, the Bank of New Zealand is expected to cut interest rates more aggressively by 0.5% following the new trend of interest rate cuts around the world.
From World-Signals.com, we expect a slight strengthening of the Euro, but it is very likely that the downward trend will continue towards the end of the week. Bet on a strategy to sell on slight bounces up to 1.1010+ with daily gains of 20-35 pips or short positions with bigger gains towards the end of the week.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.