Where will the market move today?
After yesterday, was due to be seen by relative scarcity message, only little movement in the foreign exchange market, it could give clear signals to investors today.
Important data for the euro come from Germany.
In the euro zone investor attention is likely to focus today primarily on the economic data from Germany. Here today the German Consumer Price Index data and the figures on the German ZEW Economic Expectations are published. While the CPI, it should show no gross deviation, should have no greater impact on the euro exchange rate, this could look very different in the economic outlook. It can be assumed that the expected increase from 36.3 to 40.0 points is already priced into the course and confirmation of the forecast should not cause major price movement. If the forecast, however, are undercut and show a value below 38.0 points, it could usher in a bearish trend for the euro rate and bring the EUR/USD below the 1.3300 mark clearly again. On top of that, to be published simultaneously with the German ZEW figures, comes the figures for the economic expectations for the entire euro zone. A weak specification of the heavy weight of the euro zone should also have them don't look good.
UK comes from a wealth of data
From the United Kingdom is published today at 10:30 h (CET) a whole bunch of data. While much of the data, taken alone, don't have greater impact, the total could have a greater impact on the GBP. A look at the forecasts shows that no major changes are expected. Only the figures for consumer price inflation could cause a larger movement, if they show that the expected value of 2.8% was well below.
The USD could show strength.
The USD could again show strength today. At 14:30 clock the figures on U.S. retail sales will be released today. Forecasts indicate that they are probably now show for the fourth month in a row an increase. This could again, especially in the advance of the speeches by FOMC Member Bullard on Wednesday, once again fuel the speculation of a clear indication from the Fed to a reduction of bond purchases.
Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.