Daily Fundamental Forecast Feb 24 2015

German GDP (QoQ) at 07:00 *

Outlook in German Gross Domestic Product remains neutral with risk to the downside at the moment , resistance comes at 0.8% levels , we have 3 scenarios for this indicator :

1- A reading above 0.8% will bring bullish move for EUR pairs , next resistance comes at 1.3% : 1.5% levels ahead of the 2.2% : 2.3%..

2- A reading within – 0.2% : 0.8% , will bring sideways move with bearish bias …

3- A reading below – 0.2% , will bring bearish move for EUR pairs , next support comes around-0.7% , below -0.7% will bring massive sell-off…

 

German GDP (QoQ)

 


 

Euro-Zone Consumer Price Index (YoY) (Jan) at 10:00 *

Outlook in Euro-Zone CPI (YoY) (Jan) remains on the downside as long as -0.2% holds , we have 2 scenarios for this indicator :

1- A reading below  -0.2% will keep Euro pairs under pressure ..

2- A reading above  -0.2% will bring limited gains for Euro pairs..

 

EURO CPI (YoY) (Jan)


 

US CB Consumer Confidence (Feb) at 15:00 *

Outlook in US CB Consumer Confidence remains on the upside as long as 94.1 holds , at this point we have 3 scenarios :

1- A reading above 102.9 will bring strong bullish move for the US dollar..

2- A reading within 94.1 : 102.9 range , will bring bullish move for the US dollar even in case of a pullback , buy on dips ..

3- A reading below 94.1 is likely to bring deeper pullback before the next rise , If pullback seen , buy after consolidation !!!!

US CB Consumer Confidence (Feb)

 

 

* All times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS