EURGBP – ongoing Brexit talks where information coming out are once positive once negative, all political games that are affecting forex market. Lots of meetings and speeches this week for both. Charts indicate on 1H and 4H downtrend and daily is indicating uptrend however seems to be stuck at 50 EMA. Next key level if continues down is 0.90190.
Fundamentals:
GBP: BoE governor Baily speech - Due to speak at the annual Waterline Summit. Volatility expected 10:25 UK time.
BoE governor Baily speech - Due to speak at the annual Waterline Summit. Volatility expected 10:25 UK time.
CPI (Consumer Price Index) - Change in the price of goods and services purchased by consumers. This is considered the UK's most important inflation data because it's used as the central bank's inflation target. Forecasted to rise from 0.2% to 0.4%/0.5%.
Manufacturing PMI – forecasted to fall from 54.1 to 53.2.
- Services PMI – forecasted to fall from 56.1 to 53.4.
EUR:
ECB president Lagarde speech – possible comments on rates falling down – currently for September it is -0.3% and digital currency, yes they want to eliminate cash handling and turn it in to digital money :
“A digital euro would fill this gap: it would be an electronic form of central bank money accessible to all citizens and firms – in other words, a digital equivalent of euro banknotes. It would provide costless access to a simple, risk-free and trusted digital means of payment, accepted throughout the euro area. In the digital era, it would preserve the public good that the euro provides to European citizens.” by Fabio Panetta ECB Executive Board Member
ECB president Lagarde speech - Due to deliver opening remarks at the ECB Conference on Monetary Policy. Moderate volatility expected between 13:00 – 14:00 UK time.
French Services PMI – Purchasing Managers Index is a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. Forecasted to fall from 47.5 to 47.
- French Manufacturing PMI – Forecasted to rise from 51.2 to 51.3.
- German Services PMI – forecasted to fall from 50.6 to 49.6.
- German Manufacturing PMI – forecasted to fall from 56.4 to 55.0.
- EU Manufacturing PMI – forecasted to fall from 53.7 to 53.0.
- EU Services PMI – forecasted to fall from 48.0 to 47.1.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures , Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.
Fundamentals:
GBP: BoE governor Baily speech - Due to speak at the annual Waterline Summit. Volatility expected 10:25 UK time.
BoE governor Baily speech - Due to speak at the annual Waterline Summit. Volatility expected 10:25 UK time.
CPI (Consumer Price Index) - Change in the price of goods and services purchased by consumers. This is considered the UK's most important inflation data because it's used as the central bank's inflation target. Forecasted to rise from 0.2% to 0.4%/0.5%.
Manufacturing PMI – forecasted to fall from 54.1 to 53.2.
- Services PMI – forecasted to fall from 56.1 to 53.4.
EUR:
ECB president Lagarde speech – possible comments on rates falling down – currently for September it is -0.3% and digital currency, yes they want to eliminate cash handling and turn it in to digital money :
“A digital euro would fill this gap: it would be an electronic form of central bank money accessible to all citizens and firms – in other words, a digital equivalent of euro banknotes. It would provide costless access to a simple, risk-free and trusted digital means of payment, accepted throughout the euro area. In the digital era, it would preserve the public good that the euro provides to European citizens.” by Fabio Panetta ECB Executive Board Member
ECB president Lagarde speech - Due to deliver opening remarks at the ECB Conference on Monetary Policy. Moderate volatility expected between 13:00 – 14:00 UK time.
French Services PMI – Purchasing Managers Index is a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Above 50.0 indicates industry expansion, below indicates contraction. Forecasted to fall from 47.5 to 47.
- French Manufacturing PMI – Forecasted to rise from 51.2 to 51.3.
- German Services PMI – forecasted to fall from 50.6 to 49.6.
- German Manufacturing PMI – forecasted to fall from 56.4 to 55.0.
- EU Manufacturing PMI – forecasted to fall from 53.7 to 53.0.
- EU Services PMI – forecasted to fall from 48.0 to 47.1.
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures , Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.