Here are the key factors to keep in mind today for Euro trades:
Italian Industrial New Orders and Industrial New Sales: Italian Industrial New Orders for July are predicted to increase by 1.9% monthly and to decrease by 2.6% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.9% monthly and by 4.8% annualized. Italian Industrial New Sales for July are predicted to increase by 0.2% monthly and to decrease by 1.5% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.5% monthly and by 0.8% annualized.
Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for August is predicted to increase by 0.2% monthly and by 1.0% annualized. Forex traders can compare this to the Eurozone CPI for July which decreased by 0.5% monthly and which increased by 1.0% annualized. The Eurozone Core CPI for August is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the Eurozone Core CPI for July which increased by 0.2% monthly and by 0.9% annualized.
Here are the key factors to keep in mind today for British Pound trades:
UK CPI: The UK CPI for August is predicted to increase by 0.5% monthly and by 1.9% annualized. Forex traders can compare this to the UK CPI for July which was reported flat at 0.0% monthly and which increased by 2.1% annualized. The Core CPI for August is predicted to increase by 1.8% annualized and the CPI Including Housing Costs is predicted to increase by 1.9% annualized. Forex traders can compare this to Core CPI for July which increased by 1.9% annualized and to the CPI Including Housing Costs which increased by 2.0% annualized.
UK PPI: The UK PPI Input for August is predicted to decrease by 0.2% monthly and by 0.1% annualized. Forex traders can compare this to the UK PPI Input for July which increased by 0.9% monthly and by 1.3% annualized. The UK PPI Output for August is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the UK PPI Output for July which increased by 0.3% monthly and by 1.8% annualized. The UK PPI Core Output for August is predicted to increase by 0.2% monthly and by 2.0% annualized. Forex traders can compare this to the UK PPI Core Output for July which increased by 0.4% monthly and by 2.0% annualized.
UK RPI: The UK RPI for August is predicted to increase by 0.7% monthly and by 2.6% annualized. Forex traders can compare this to the UK RPI for July which was reported flat at 0.0% monthly and which increased by 2.8% annualized. The UK RPI Excluding Mortgage Interest Payments for August is predicted to increase by 2.5% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for July which increased by 2.7% annualized.
UK House Price Index: The UK House Price Index for July is predicted to increase by 1.0% annualized. Forex traders can compare this to the UK House Price Index for June which increased by 0.9% annualized.
Should price action for the EURGBP remain inside the or breakout above the 0.8790 to 0.8885 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.8860
Take Profit Zone: 0.9085 – 0.9145
Stop Loss Level: 0.8765
Should price action for the EURGBP breakdown below 0.8790 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.8765
Take Profit Zone: 0.8615– 0.8680
Stop Loss Level: 0.8800
Italian Industrial New Orders and Industrial New Sales: Italian Industrial New Orders for July are predicted to increase by 1.9% monthly and to decrease by 2.6% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.9% monthly and by 4.8% annualized. Italian Industrial New Sales for July are predicted to increase by 0.2% monthly and to decrease by 1.5% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.5% monthly and by 0.8% annualized.
Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for August is predicted to increase by 0.2% monthly and by 1.0% annualized. Forex traders can compare this to the Eurozone CPI for July which decreased by 0.5% monthly and which increased by 1.0% annualized. The Eurozone Core CPI for August is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the Eurozone Core CPI for July which increased by 0.2% monthly and by 0.9% annualized.
Here are the key factors to keep in mind today for British Pound trades:
UK CPI: The UK CPI for August is predicted to increase by 0.5% monthly and by 1.9% annualized. Forex traders can compare this to the UK CPI for July which was reported flat at 0.0% monthly and which increased by 2.1% annualized. The Core CPI for August is predicted to increase by 1.8% annualized and the CPI Including Housing Costs is predicted to increase by 1.9% annualized. Forex traders can compare this to Core CPI for July which increased by 1.9% annualized and to the CPI Including Housing Costs which increased by 2.0% annualized.
UK PPI: The UK PPI Input for August is predicted to decrease by 0.2% monthly and by 0.1% annualized. Forex traders can compare this to the UK PPI Input for July which increased by 0.9% monthly and by 1.3% annualized. The UK PPI Output for August is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the UK PPI Output for July which increased by 0.3% monthly and by 1.8% annualized. The UK PPI Core Output for August is predicted to increase by 0.2% monthly and by 2.0% annualized. Forex traders can compare this to the UK PPI Core Output for July which increased by 0.4% monthly and by 2.0% annualized.
UK RPI: The UK RPI for August is predicted to increase by 0.7% monthly and by 2.6% annualized. Forex traders can compare this to the UK RPI for July which was reported flat at 0.0% monthly and which increased by 2.8% annualized. The UK RPI Excluding Mortgage Interest Payments for August is predicted to increase by 2.5% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for July which increased by 2.7% annualized.
UK House Price Index: The UK House Price Index for July is predicted to increase by 1.0% annualized. Forex traders can compare this to the UK House Price Index for June which increased by 0.9% annualized.
Should price action for the EURGBP remain inside the or breakout above the 0.8790 to 0.8885 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.8860
Take Profit Zone: 0.9085 – 0.9145
Stop Loss Level: 0.8765
Should price action for the EURGBP breakdown below 0.8790 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.8765
Take Profit Zone: 0.8615– 0.8680
Stop Loss Level: 0.8800