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
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
🗓 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.
🇪🇺 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.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
🗓 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.
🇬🇧 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.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Weak UK inflation and GDP datathis week put pressure on the pound.
Brexit latest news feed. Find out what's going on!
https://promo.fxpro.com/en/brexit
Brexit latest news feed. Find out what's going on!
https://promo.fxpro.com/en/brexit
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
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
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
🗓 Important upcoming events and publications for February 19 (GMT):
🇬🇧 09:30 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. Strong data are able to revive #GBP purchases.
🇩🇪 10:00 German ZEW Economic Sentiment is considered as a reliable economic indicator, and since April last year it is in the negative zone, indicating the prevalence of pessimism. Another portion of the weak data is able to regain pressure on #EUR.
🇺🇸 18:00 NAHB US housing market index dropped in 4Q18 but recovered a little in January. In February, further growth is expected, which may support #USD purchases.
Visit https://fxpro.news/economic-calendar/ for more details
🇬🇧 09:30 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. Strong data are able to revive #GBP purchases.
🇩🇪 10:00 German ZEW Economic Sentiment is considered as a reliable economic indicator, and since April last year it is in the negative zone, indicating the prevalence of pessimism. Another portion of the weak data is able to regain pressure on #EUR.
🇺🇸 18:00 NAHB US housing market index dropped in 4Q18 but recovered a little in January. In February, further growth is expected, which may support #USD purchases.
Visit https://fxpro.news/economic-calendar/ for more details
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Long live the markets rally
Perhaps last Friday was an important markets threshold, demonstrating the dominance of bullish sentiment. The key currency market pair, EURUSD, once again received support at 1.130, and the most tracked index of stock markets, S&P500, broke above the 200-day moving average, rising by 1.5% before the long holidays.
Strong movement from a key level often acts as an important signal for the markets and is rarely accidental. Quite the opposite, many large players regard it as a signal of further movement towards a strong breakthrough.
Read more
Perhaps last Friday was an important markets threshold, demonstrating the dominance of bullish sentiment. The key currency market pair, EURUSD, once again received support at 1.130, and the most tracked index of stock markets, S&P500, broke above the 200-day moving average, rising by 1.5% before the long holidays.
Strong movement from a key level often acts as an important signal for the markets and is rarely accidental. Quite the opposite, many large players regard it as a signal of further movement towards a strong breakthrough.
Read more
Over the last 24 hours, Bitcoin (BTC) added more than 5%, trading around $3,950. If the benchmark cryptocurrency can overcome the $4k threshold and stay above this level, this can create a new optimism impulse for investors in Bitcoin and the entire crypto market as a whole. The main altcoin Ethereum adds more than 8% during the last 24 hours and trades around $150. It is worth noting that the rally began with the ether.
Cryptocurrencies love holidays
The second weekend in a row, the crypto community live with a long-forgotten sense of hope for the return of digital currency growth.
The largest BTC wallets do not show any significant activity, so experts suggest different triggers: from technical (cycles, undervalued assets) to geopolitical (US and Chinese trade deal) and psychological (FOMO and the feeling that the worst is over).
In fact, it may take some time before experts will find the true drivers (if they are existing at all!), however, it is the unknown growth impulses that most strongly encourage investors to open their wallets
Read more
The second weekend in a row, the crypto community live with a long-forgotten sense of hope for the return of digital currency growth.
The largest BTC wallets do not show any significant activity, so experts suggest different triggers: from technical (cycles, undervalued assets) to geopolitical (US and Chinese trade deal) and psychological (FOMO and the feeling that the worst is over).
In fact, it may take some time before experts will find the true drivers (if they are existing at all!), however, it is the unknown growth impulses that most strongly encourage investors to open their wallets
Read more
FxPro News
Forex - FxPro: Cryptocurrencies love holidays | Crypto Review
The second weekend in a row, the crypto community live with a long-forgotten sense of hope for the return of digital currency growth. Over the last 24...