National stock markets were also experiencing a buzz as S&P500 futures grew on Friday and have continued to do so on Monday morning by adding 0.3%.

It’s important to remember that stocks and currencies very rarely move in the same direction and even more so is this movement consistent. So, a good idea would be to look closely for a catch. Read more

The trend of dollar growth to European currencies remains. In Japan Nikkei 225 rallying, the U.S. and Europe moderately increased over the past 24h

Wave Analysis: Copper is expected to fall further and re-test the next support level 273.67
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Wave Analysis: EURUSD is expected to rise further and re-test the next resistance level 1.1400
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The demand for risky assets is steadily growing causes a rally on the stock markets and forcing the dollar to retreat from its recent highs

🗓 Important upcoming events and publications for February 13 (GMT):

🇬🇧 09:30 U.K. Consumer price index is often seen as an important and timely indicator of economic activity. In January, prices are expected to drop by 0.7%, while in annual terms inflation is expected to decrease to 1.9%. A sharper decline can cause pressure on the #GBP.

🇪🇺 10:00 Industrial production in the eurozone has the potential to limit the #EUR growth if the markets again will be surprised by weak regional data. The previous release showed a 3.3% drop YoY. No improvements are expected in December.

🇺🇸 13:30 U.S. Consumer price index is an important economic indicator, but it rarely surprises markets. Prices expected to rose by 0.1% in January, but the annual growth rate may be slowed to just 1.5% against 2.9% in July last year. More drastic inflation decline can put pressure on the #USD.

Visit https://fxpro.news/economic-calendar/ for more details.

Recent inflation data in the UK put pressure on the pound. GBPUSD has turned to decline from 1.29 after the release of disappointing inflation data for January.

Official data from ONS noted overall consumer prices decline by 0.8% in January and annual inflation slowdown to 1.8%. A year earlier, this figure was at 3%. A sharp inflation drop is considered a sign of sluggish economic activity. Read more

In contrast to the disappointing data from Europe, the US continues to surpass expectations.

U.S. Core-CPI kept the growth rate of 2.2% YoY, which is also somewhat higher than expected and it remains above the Fed’s 2% target. The core inflation, in this case, looks more accurate in light of the recent oil price volatility.

The US dollar increased after the publication of CPI data, as contrast statistics returned to focus markets. Strong inflation in the US is able to bring back the Fed its hawkish rhetoric, or at least reduce the expectations of the market for lower rates this year. Read more

Wave Analysis: Corn is expected to rise further and re-test the next resistance level 385.00
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Wave Analysis: NZDCAD is expected to rise further and re-test the next resistance level 0.9100
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Crude Oil continues its steady growth, key stock indices are on the rise, USD returns to growth.

🗓 Important upcoming events and publications for February 14 (GMT):

🇪🇺 10:00 Eurozone GDP may disrupt the quiet trading session as investors and traders are concerned about the signals of regional economic slowdown. 4Q18 GDP is expected to increase by 0.2% and to 1.2% YoY. At the same time, employment change estimates will be released, growth is expected to slow down to 1.2% YoY.

🇺🇸 13:30 U.S. Retail sales are able to spur volatility of currency pairs with #USD and markets in general. Analysts on average expected a small increase in January, but strong CPI data yesterday pointed to stronger sales, as this indicator in the United States is seasonally adjusted for seasonal factors but not for price changes.

Visit https://fxpro.news/economic-calendar/ for more details.

The rally on the stock markets has turned to a sharp correction. Asian bourses lose about 2%. The demand for the dollar growing. But Crude Oil continues its rising.

🗓 Important upcoming events and publications for February 15 (GMT):

🇬🇧 09:30 U.K. Retail Sales fell sharply last month by 0.9%, and it is expected to show some rebound in January by 0.2%. British statistics for the past few weeks have been disappointing, causing pressure on the #GBP. This time everything will be the same?

🇺🇸 14:15 U.S. Industrial Production is expected to continue to grow in stark contrast to the deteriorating eurozone and U.K. performance. Strong data can additionally support #USD.

🇺🇸 18:00 U.S. Consumer sentiment index fell sharply last month. The published fresh estimate for February can either confirm that the optimism peak has passed, or, on the contrary, to show recovery following the reopening of the government.

Visit https://fxpro.news/economic-calendar/ for more details.

Overall retail sales in the United States dropped by 1.2% in December; excluding auto and gasoline sales, the decline was 1.4%, which is the most dramatic decline since March 2009, when Americans faced the most severe economic downturn since the Great Depression.

S&P 500 and USD correction threat
On the technical analysis side, the S&P 500 is near the 200-day moving average. Weak statistics can initiate sustained pressure in the area of support at 2630 against 2745 at the moment. Read more

Wave Analysis: EURNZD is expected to fall further and re-test the next support level 1.6320
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Wave Analysis: Platinum is expected to rise further and test the next support level 1.4500
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Weak UK inflation and GDP datathis week put pressure on the pound.
Brexit latest news feed. Find out what's going on!

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The dollar is retreating on renewed demand for risky assets. Stock markets are growing impressively. Oil rallying.

On February 18, American exchanges are closed on the Presidents Day holiday. Also, there is no important statistics from Europe today, so the trading will be a little calmer than usual.

Important events of the week

🇬🇧 Tue, 12:30 UK Unemployment claims have grown for 7 consecutive months and is expected to grow further, which is seen as a sign of tension before Brexit.

🇺🇸 Wed, 22:00 U.S. FOMC meeting minutes are in the focus of markets after the January easing of the Fed rhetoric.

🇦🇺 Thu, 03:30 Australia employment change data very often spurs AUD pairs volatility. The recent RBA rhetoric easing has alerted markets by increasing fears of an economy cooling.

🇺🇸 Fri, 19:00-21:30 Speeches by FOMC members. This density of speeches will help to understand the mood of the main participants. Potentially, it can support or reverse the trend of markets and the dollar.

Visit https://fxpro.news/economic-calendar/ for more details