Daily Fundamental Forecast Dec 09 2014

Fundamental
Fundamental

No change , the USD remains strong and further upside is likely , any decline for the USD by Economic indicators should be taken as an opportunity to buy the USD on dips , don’t forget to keep an eye on support and resistance levels on the daily time frame which mentioned before in our forecast , let’s highlight the most critical data which may influence currency market today :

  • German Trade Balance (Oct) at 07:00 , last read 18.5B ,forecast 19.2B, Market impact :  A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.(Medium volatility ).
  • UK Industrial Production (MoM) (Oct) at 09:30 , last read 0.6%, forecast 0.2% , Market impact : A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.(Medium volatility ).
  • UK Manufacturing Production (MoM) (Oct) at 09:30 , Last read 0.4%, forecast 0.2%, Market impact : A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.(High volatility ).
  • Westpac Consumer Sentiment (Dec) at 23:30 , Last read 1.9% , forecast : unknown ?! . Market impact : A higher than previous  reading should be taken as positive/bullish for the AUD, while a lower than previous  reading should be taken as negative/bearish for the AUD.(Medium volatility ).
  • BSI Large Manufacturing Conditions (Q4) at 23: 50 , Last read 12.7 , forecast 13.1 . Market impact : A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.(Medium volatility ).

*All times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS