British inflation may send the GBP up
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
EUR supported by the European Commission
The economic situation in the Eurozone is as bad as the ECB’s worst forecasts as reported by the bank’s president Christine Lagarde today. Nevertheless, the EUR is willing to overlook this news and pay more attention to the stimulus extension plans as the European Commission informs. The currency took that as a strong sign that hopes for a better recovery may be fulfilled and rallied against the USD and the GBP. That, however, may be just a temporary rise which will change no larger trend unless there is more fundamentally positive input. Watch for the resistance levels to be crossed or reverse the upswing and adjust your positions accordingly.
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United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
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The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
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Major Event Alert: Canadian Retail Sales
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
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