Yellen and other economists say tax cuts are blowing up the budget

Euro-Area Economy’s Soft Patch Starts to Rattle Investor Nerves

Investors are losing faith in the strength of the euro-area economy after a string of numbers that fell short of expectations. A monthly report from research group Sentix said their view of the economy has turned negative for the first time since July 2016. It said the downward dynamic was “even more pronounced” for Germany, where separate data on Monday showed a sharp drop in exports in February. Read More @ https://www.bloombergquint.com/global-economics/2018/04/09/euro-area-economy-s-soft-patch-starts-to-rattle-investor-nerves

WHAT IS THE USD INDEX SAYING?

Price still back to Range Support; the USD is at tipping point and looking for a direction – if the $89.40 breaks the USD might start its fall fast. be cautious this week.

TODAYS NEWS THAT MIGHT AFFECT YOUR TRADE

  1. 2.00pm – Japan will release their machine tool orders and is expected to be good. We maintain BUY for JPY.
  2. 2.45pm – French and Italy will release their Industrial production – expected little or no volatility.
  3. 5.30pm – Expect some volatility for GBP pairs as Haldane speaks from UK MPC Member. Expected dovish statement.
  4. 8.15pm – Canada will release housing and is expected to be good – we maintain SELL for USDCAD.
  5. 8.30pm – US will release PPI data and is expected to be weak or neutral. Little volatility is expected – the market will continue to range and swing.
  6. 10.00pm – US will release Final Wholesale Inventories and is expected to be neutral – important data to watch.

The market is very fragile right now and anything can spark a market major correction.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary

1 Comment
  1. stornobrzinol 1 month ago

    I got what you mean , thankyou for posting.Woh I am lucky to find this website through google. “If one does not know to which port one is sailing, no wind is favorable.” by Seneca.

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