The Business Climate Indicator will be announced at 12:00 MT on January 8.
Tag - eur
The 2020 year has started and the direction of the markets is unclear especially due to the US-Iran tensions. Take a fast look at the major events that will determine markets’ direction in January 2020.
The US dollar has been trying to recover after the suffering in the last days of 2019.
What are the forecasts for EUR/USD in 2020 by major banks?
Coming to the year-end, the USD is the weakest among the majors. The USD's slip may prolong in 2020. Get clues on the risks for the USD and check the direction of EUR/USD, GBP/USD, USD/JPY, USD/CHF, and XAU/USD.
The economic calendar doesn't provide interesting events to trade on. Let's take a look at the technical setup to get signals. EUR/USD, GBP/USD, USD/JPY, and XAU/USD are under consideration.
Markets will be closed earlier due to coming Christmas. However, it's not a reason to avoid trading.
Market sentiment was supposed to improve due to the positive comments about US-Sino trade tensions.
Currently EUR/NZD found some support around 1.6780 (78.6% of the July-October advance). The return to the 1.6825/60 area will likely provide selling opportunities.
Last week EUR/USD met resistance of the descending 50-week MA (currently at 1.1188).
Parliament Brexit Vote is the major event that will affect not only the British pound but market sentiment in general.
Inflation data may affect the direction of the British pound and Canadian dollar.