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GBP/XXX forecast - fundamental analisysGood morning traders and happy Wednesday, Today is a really important day for the pound given the events that have taken place throughout this week and that can define in large part the coming days. For more analyses like this do not hesitate to write to me, I will answer your doubts. -Fundamental analysis Today we will know as soon as the British market is opened up by the PMI of both services and manufacturers and the general PMI. This data is published in conjunction with the data of the different European PMI and is probably quite related, therefore the magnitude of the impact will be greater than it would usually be for this double-sided information. These PMI are really important because they are the first to occur after the summer and to mark the starting point for a possible but unsafe recovery of activity in the UK. According to data forecasts, manufacturing PMI would be reduced by one point from the previous month, this fact being met may be really good for the UK because it would mean that it maintains its growing industrial activity despite a situation not favourable to them. On the other hand, the PMI services are more affected with a loss casi forecast of almost 3 points in this case occurs in a similar way than in manufacturing PMI and we see that this can be positive given the current context. Therefore, there was no other than the compound PMI being reduced but above the value 50 (a point indicating growth or decline in the PMI) which makes it clear that the WHOLE UK production is growing. It can therefore be concluded that if the predictions are met we will see an appreciation (rise) of GBP compared to other currencies, or in the worst case that there would be a slight un significant setback. For more analyses like this do not hesitate to write to me, I will answer your doubts.
by Ivan_Campuzano
Daily forecast eur/xxx and usd/xxx - fundamental analysisGood morning traders and happy Wednesday, Today there are vital news for both the euro and the dollar and they deserve the most detailed analysis. For more analyses like this do not hesitate to write to me, I will answer your doubts. -Fundamental analysis The Purchasing Manufacturing Index (PMI) is the main indicator that measures the level of activity of purchasing managers in the manufacturing sector. This indicator is quite revealing when we take into account the impact of this on two of the most important variables in the calculation of GDP, Investment and Consumption. The higher the figures for this impact, the higher the short-term and long-term forecasts for economic expansion. In the German case we have a forecast of a manufacturing PMI of 52.5 (greater than 50 indicates expansion) which suggests that the eurozone's economic engine once again shows signs of a recovery in confidence in its economy. This would imply that the secondary sector whose relevance in German territory is more important than in any other territory of the eurozone would lead to an increase in investment by German entrepreneurs which would affect the consumption of families by encouraging a V-recovery that is gradually looming on the horizon of the German economic future. All this would be accompanied by a revaluation of the euro in the coming days. Moreover, a PMI forecast of 53.1 (greater than 50 indicates expansion) in the U.S. coupled with the creation of more than 1.7 million jobs in July and 428,000 jobs in August would encourage the U.S. economy to continue to behave favorably despite the overall economic environment fostered by the coronavirus. The creation of new jobs in key areas of the US secondary and tertiary sector is an improvement in macroeconomic forecasts for the latter part of the year contributing to greater confidence in the US domestic market in the short and medium term through increased private consumption. All of this would in turn lead to a revaluation of his currency this week pending the appearance of Powell, president of the Fed, to be made shortly after the EEUU market opens. For more analyses like this do not hesitate to write to me, I will answer your doubts.
by EnriquedeFrutos
Daily forecast eur/usd - Fundamental analysisGood afternoon traders and good Wednesday, Today there are very important and relevant news for the future of the dollar, the chairman of the Federal Reserve Charles Powell appears. For more analyses like this do not hesitate to write to me, I will answer your doubts. -Technical analysis As usual I will do a brief technical review, the euro dollar is at the midpoint of the channel that has been generated in the last few weeks, its current price is 1.1850. This clearly leaves eurusd without any hard support or resistance at least in small time spaces and therefore can occur shakes of up to 100 pips tomorrow easily (usually happens when Powell speaks). That's why any Stop Lose you put in can be counterproductive just like Take Profits for the same reason, high volatility. If you're going to operate tomorrow, stay in front of the screen or you're going to risk losing a lot of money. -Fundamental analysis Tomorrow the federal reserve needs to clarify several points: The potential impact that the new average inflation target will have on the entity's policy in both the coming and longer-term months, and the calculations they make about it.With regard to inflation it is true that we have already been given some information that it would be close to 2% although he does not specify how much and that is the question it poses to all investors. Another point is to know how many tools they have for the coming months, whether it's expansion plans like well-known QE plans or even in the most remote case pushing down interest rates. It must also clarify the expected recovery of the American economy, which is not currently reflected by the spectacular stock data and which is harder than what they actually disclose to us. Finally, they must clarify their data forecasts for the coming years where they will surely coincide with the European Central Bank or the International Monetary Fund that the exit from the crisis will not be a quick thing but will take several years. For all I can conclude that there will not be much news about effective measures or that they will be given in the coming days (they will aprear, im sure), this gives security in the dollar and probably gives you the respite you need to re-promote the valuation against the rest of the currencies. For more analyses like this do not hesitate to write to me, I will answer your doubts.
Short
by Ivan_Campuzano
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