You are here: Home > articles > Forex > US Open Preview – Euro benefits on Italian political optimism; Pound rebounds as UK GDP growth surprises
US Open Preview – Euro benefits on Italian political optimism; Pound rebounds as UK GDP growth surprises
September 10, 2018 12:26 pmVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
Here are the latest developments in global markets:
Day Ahead: Quiet day in terms of data; US consumer credit and trade tensions eyed
On Monday, the calendar will be light ahead of a busy week with two major central banks deciding on interest rates, the BOE, and the ECB. Both are predicted to keep their rates steady with no major changes in their policy.
In terms of trade tensions, traders still have their attention on the US-China trade war. The US President Donald Trump warned on Friday of applying tariffs on virtually all Chinese imports into the US, that is, another $267 billion of goods in addition to the $200 billion that are already facing the risk of duties. NAFTA discussions will be also eyed as the US and Canada struggle to resolve sticking points to form an agreement that would include Mexico as well.
The US, the world’s largest economy, will see the release of March consumer credit data at 1900 GMT. Credit is predicted to tick higher by $14.50 billion in July from $10.21 billion the preceding month.
Later, at 2245 GMT New Zealand will see the release of the electronic card retail sales for August.
In the Brexit-related news, the UK Prime Minister, Theresa May, is expected to hold a Cabinet meeting this week to discuss the scenario of a no-deal exit from the EU.
In public appearances, Federal Reserve of Atlanta President Raphael Bostic will give a speech at 1600 GMT on the US economic outlook, while Russia’s President Vladimir Putin will meet Japanese Prime Minister Shinzo Abe.
Related Posts: