DAILY MARKET OUTLOOK on Major
Update Time: 14 Mar 2018 06:30 GMT
EUR/USD - 1.2391
Yesterday's break above 1.2365/69 res to 1.2407 due to broad-based usd's weakness after Trump fired Sec. of State Tillerson suggests early correction from last Thursday's 2-1/2 week peak at 1.2446 has ended at 1.2273 (Friday) and consolidation with upside bias remains for gain towards 1.2446 but above needed to head to 1.2475/80 later.
Only below 1.2340/45 prolongs choppy trading below 1.2446 and risks stronger retracement to 1.2315.
Data to be released on Wednesday:
New Zealand current account, Australia consumer sentiment, Japan machinary orders, China industrial output, retail sales.
Germany CPI, HICP, Italy retail sales, EU industrial production.
U.S. MBA mortgage application, PPI, core PPI, retail sales, retail sales ex-autos, business inventories
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.