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Markets in decline as investors concerned about growth prospects

The
weak data from China is putting pressure on the world markets since Friday morning, but it is worth mentioning that even before that, on Thursday evening, the American markets has turned downward, reflecting investors uncertainty in economic prospects.

Recent data from China noted the lowest growth rate of retail sales since 2003. Industrial production slowed down to a minimum rate from February 2016.

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⚠️ News alert!

At 13:30 GMT U.S. Retail Sales report will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
⚠️ News alert!

At 14:15 GMT U.S. Industrial production report will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Bitcoin's the best moment to buy is still to come

Bitcoin is gradually losing ground. Now the benchmark cryptocurrency is hanging around $3,500 but it is increasingly sophisticated to stay there.

The main task for investors is not to define the lowest entry point, they need to "catch" the start of the rally. And in this context, the history of Bitcoin allows us to say that it may take a very long time before the market starts to warm up again.

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Wave Analysis: #AUDUSD is expected to fall further and re-test the next round support level 0.7000
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Wave Analysis: #Silver is expected to fall further and re-test the support level 14.32
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The most important upcoming events and publications for December, 17 (GMT):

πŸ‡ͺπŸ‡Ί 10:00 EU Consumer Price Index rarely causes a big surge on the #EUR volatility. However, last few weeks, markets have focused on regional data, as it can shed light on the ECB's rate policy.

πŸ‡¬πŸ‡§ 11:00 U.K. CBI Industrial Orders is expected to indicate a slowdown, dropping from 10 to 6 points. A sharper decline can put some pressure on the #GBP course, due to fears of spreading the negative Brexit impact.

πŸ‡ΊπŸ‡Έ 13:30 U.S. Empire State Manufacturing Index was on the rise for past several months, reflecting production growth. However, investors and traders are fearing that any slowdown may put serious pressure on #USD.

Visit https://fxpro.news/economic-calendar/ for more details.
#EURUSD is now trading near 1.13, an important support level of the recent months. Falling under this mark may be the beginning of a new pair decline. Over the past three years, such failures have ended with falls to 1.05.
Strong data against Fed’s softness

The November’s strong Retail Sales and Industrial production reports makes harder to Fed to soften its monetary policy stance

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⚠️ News alert!

At 10:00 GMT EU Consumer Price Index will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
⚠️ News alert!

At 11:00 GMT U.K. CBI Industrial Orders will be published. This data may affect GBPUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
⚠️ News alert!

At 13:30 GMT EU U.S. Empire State Manufacturing Index will be published. This data may affect EURUSD volatility.

Open your FxPro trading platform to examine the market situation: fxpro.com πŸ‘ˆπŸ»

Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Wave Analysis: Platinum is expected to fall further and re-test the next support level 780.00
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Wave Analysis: AUDCHF is expected to fall further and re-test the next support level 0.7100
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