Forex news forecast

Here are some recent and upcoming forex news and forecasts that may impact the market:

Recent News:

  1. US-China Trade Talks: The US and China have agreed to a "phase one" trade deal, which includes a reduction in tariffs and increased purchases of US goods. This news has boosted market sentiment and led to a rally in risk-sensitive currencies like the AUD and NZD.
  2. US GDP: The US GDP growth rate slowed to 2.1% in the third quarter, missing expectations of 2.3%. This news has led to a slight decline in the US dollar.
  3. European Central Bank (ECB) Meeting: The ECB left interest rates unchanged and maintained its dovish stance, citing low inflation and a slowing economy. This news has led to a decline in the EUR.

Upcoming News:

  1. US Non-Farm Payrolls: The US Labor Department will release the November non-farm payrolls report on Friday, which is expected to show a gain of 180,000 jobs. A strong jobs report could boost the US dollar.
  2. European Central Bank (ECB) President Lagarde's Speech: ECB President Christine Lagarde will deliver a speech on Thursday, which may provide insight into the bank's future monetary policy decisions.
  3. UK GDP: The UK Office for National Statistics will release the third-quarter GDP report on Wednesday, which is expected to show a slowdown in growth.

Forecasts:

  1. USD/JPY: The USD/JPY pair is expected to continue its upward trend, driven by the US-China trade deal and a strong US jobs report.
  2. EUR/USD: The EUR/USD pair is expected to decline further, driven by the ECB's dovish stance and a slowing European economy.
  3. GBP/USD: The GBP/USD pair is expected to remain volatile, driven by Brexit uncertainty and the upcoming UK general election.

Technical Analysis:

  1. USD/JPY: The USD/JPY pair is trading above its 200-day moving average and is expected to continue its upward trend.
  2. EUR/USD: The EUR/USD pair is trading below its 200-day moving average and is expected to decline further.
  3. GBP/USD: The GBP/USD pair is trading in a narrow range and is expected to break out of its range in the coming days.

Economic Indicators:

  1. US Retail Sales: The US retail sales report for November is expected to show a gain of 0.5%, driven by the holiday season.
  2. German IFO Business Climate Index: The German IFO business climate index is expected to decline to 94.5, driven by the slowing European economy.
  3. UK Consumer Price Index (CPI): The UK CPI report for November is expected to show a gain of 1.5%, driven by rising food and energy prices.

Please note that these are just some of the recent and upcoming news and forecasts that may impact the forex market. It's always important to stay up-to-date with the latest news and market developments to make informed trading decisions.