Expected market movement

[RAYAN PCM]

hi
From this week onwards this topic , Every Monday path of expected market (FOREX), I will have to partner with other traders We have a full week of gains

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aud/usd

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eur/usd

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usd/chf

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gbp/usd

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[RAYAN PCM]

EUR/USD Forecast January 20-24

EUR/USD was on the back foot, as the euro gave a fight but eventually surrendered to the dollar. The ZEW Economic Sentiment, Flash Manufacturing and Services PMIs and the Spanish unemployment are the highlights of this week. Here is an outlook on the major events and an updated technical analysis for EUR/USD.

Eurozone CPI was confirmed at low levels, raising the pressure on the ECB. The central bank aims to keep inflation below but close to 2% is not concerned about deflation, but is talking about it more than ever. In the US, inflation seems somewhat more solid, and with the help of OK retail sales as well as a strong Empire State Manufacturing Index, the dollar rode higher across the board, and the euro was no exception.

German PPI : Monday, 7:00. German producer prices declined 0.1% in November following a 0.2% drop in the previous month, while analysts expected no change. PPI fell in nine of the last ten months. November’s release was 0.8 % lower on the year after a 0.7 % annual decline in October. Declines were broad-based, despite a slight acceleration in factory production yet to be seen. A rise of 0.2% is forecasted.

German Buba Monthly Report: Monday, 11:00. In the last Deutsche Bundesbank report the bank projected that German economy will grow in coming months due to a boost in industrial activity and in residential construction. The fourth quarter GDP is expected to expand considerably. The central bank also increased its predictions to a 1.7% growth rate in 2014 from a 1.5%rise in its earlier estimate in June. The bank also addressed the proposed financial transaction tax in parts of the European Union, saying it will harm the repo market.

German ZEW Economic Sentiment: Tuesday, 10:00. German investors mood improved sharply in December, rising by 7.4 points to 62, the highest level since April 2006. The reading beat markets expectations of a 55.3 release. Investors were optimistic regarding financial activity in 2014 both in Germany and in the Eurozone. Current economic conditions improved by 3.7 points to 32.4 reflecting an upbeat picture. Another rise to 63.4 is projected.

ZEW Economic Sentiment: Tuesday, 10:00. Economic expectations for the Euro zone edged up 8.1 points in December, reaching 68.3. The results were fairly higher than analysts’ estimates of a 60.9 reading. This release was preceded by a 60.2 reading in November. Despite the low leveled inflation, economists are quite optimistic expecting the economic development in Germany and the Eurozone to improve further in 2014. A further increase to 70.2 is expected this time.

Flash Manufacturing and services PMIs: Thursday. The euro zone’s manufacturing sector surged to a 31-month high in December, reaching 52.7, beating forecasts of a 51.9 reading. However, activity in the services sector declined mildly to 51 from 51.2 in November. Nevertheless, the improvement in the manufacturing sector puts recovery back on the table despite the slow expansion rate. German Manufacturing sector continued to advance in December, rising to 54.2 from 52.7 in November, higher than the 53.1 forecasted by analysts, but the service sector declined to 54 from 55.7 in the previous month, lower than the 55.2 predicted. French Manufacturing and services sectors continued to disappoint, with the manufacturing PMI falling to 47.1 from 48.4 in November, and the Services PMI down to 47.4 from 48 in the previous month, staying below the 50-mark for the 22nd consecutive month. French Manufacturing is expected to rise to 47.6, while services to 48.2; German Manufacturing is anticipated to increase to 54.7 and services to 54.1; Euro-area Manufacturing is expected to rise to 53.2 while services are expected to reach 51.5.

Spanish Unemployment Rate: Thursday, 8:00. Spain’s unemployment rate fell for a second straight quarter reaching 26% following 26.3% in the second quarter, indicating Spain is slowly emerging from its long recession. Spain’s economy expanded for the first time in two years in the third quarter. However the International Monetary Fund projects Spain will suffer from an unemployment rate of more than 25% until 2018. No change is expected now.

Current Account: Thursday, 9:00. The euro zone’s current-account surplus widened unexpectedly in October, to a surplus of 21.8 billion euros after narrowing in September to an upwardly revised EUR14.9 billion. The increase suggests the Euro-area is exporting more and that the manufacturing sector is constantly improving. A smaller surplus of 19.2 billion euros is forecasted now.

Belgian NBB Business Climate: Friday, 14:00. Belgian business confidence edged down unexpectedly in December to -6.4 from -4.3 in November, as executives became more pessimistic about the economic outlook in the manufacturing and construction sectors. Low demand was the key reason behind this sharp fall. An improvement to -4.4 is forecasted.


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[universalfx]

This thread was created almost a year ago, but there is no update yet. what is wrong with the thread startar i don't know ro understand. But I think he or she starts good and stop. Hope that thread starter will update his status and thread soon.

[scients]

No response from another member , maybe that's the reason why the thread starter do not update his thread anymore

[Moderator]

This thread was created almost a year ago, but there is no update yet. what is wrong with the thread startar i don't know ro understand. But I think he or she starts good and stop. Hope that thread starter will update his status and thread soon.

Hi universalfx,

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