Important events today (Time = GMT)
10:00h - EUR - Italian CPI (MoM) (Nov)
10:00h - EUR - ECB's Nowotny speaks
10:00h - EUR - Industrial production in the euro area (MoM) (Oct)
11:00h - EUR - ECB-President Mario Drahi speaks
Currency pairs
EUR/USD above 1.10 possible
On Friday, the Euro was unable to hold above $ 1.10, and has spent the weekend just below the mark. At the start of the trading week the price falls around 0.3 percent, but good figures for the industrial production in the euro area could lead to another sttry on 1,10. However, the speech of Mario Draghi at 11:00 GMT should be closely monitored. Exceeds the couple's the 1.10, the first goal should be at 1,103, the resistance from the past week. If this breaks, the next target could be at 1.1055.
GBP/USD Possibly ranging between 1.517 and 1.5220The British pound was able to gain ground against the US dollar over the past week, and the trend seems to have stabilized. However, the Fed meeting this week must remain in mind, because this has the potential to explain all the predictions to waste. At the beginning of the Asian trading session the price fell back below 1.52, and due to the lack of data today the could range between 1.517 and 1.5220. If it climbs above 1.5220, this could give give more room upwards.
AUD/USD possible recovery
The Australian dollar suffered significantly from the weak development of the Chinese economy. On Saturday China was able to report the first time in five months, a stronger than expected increase in industrial production, which could have a positive effect on the sales figures of Australian raw materials. The AUD this could recover a bit, with the first target at 0.7216 and a second at 0.7230.
Risk disclaimer:
The opinions of the author to market behaviour does not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case