Lots to look out for PMIs UK amp EU rate announcements amp US non farm payrolls

Some very thin and big moves since the Christmas period started. We’re hoping for the markets to get more stability as the year starts – […]


Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst

Some very thin and big moves since the Christmas period started. We’re hoping for the markets to get more stability as the year starts – with most getting back to work this week.

Main news so far is coming from Asia, with China PMI hitting a 28-month low; this cements the December slowdown, which in turn is giving the USD strength so far this year.

To start off the year we have a pretty busy schedule of events. We start today with the PMI’s for the major countries – China already coming in at a low and the Eurozone in the same as last so no change.

The UK up next, with most expecting this to continue to be on the strong side above the 60 level.

US ISM non-manufacturing PMI expected stronger later today.

This week some big figures to look out for are EU CPI, US ADP and FOMC, and the UK rate announcement and statement (Carney is expected to lower the target rate of unemployment so they can keep rates lower for longer).

There’s also the EU rate and lastly – to top off a very busy week of the New Year – is the US non-farm payrolls: so plenty to be looking out for and lots of changes in directions for currencies this week.

Good luck!

 

EUR/USD

Supports 1.3560 1.3535 1.3500 | Resistance 1.3625 1.3675 1.3725

 



USD/JPY

Supports 104.10 103.75 103.23  | Resistance 104.45 104.95 105.50

 



GBP/USD

Supports 1.6350 1.6330 1.6300 | Resistance 1.6390 1.6425 1.6480

 

Related tags:

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar