EURUSD: under pressure before the publication of the US PPI

March 13, 2015

Sell on a level breakthrough of 1.0557 with 1.0495 target. Stop loss = 1.0610.

Reason for the trading strategy
Today, the publication of the US PPI may put pressure on the euro. In February, the index is expected to rise by 0.2% (m/m). The increase in inflationary pressures can accelerate the process of tightening of monetary policy in the US. In the short term, the euro is likely to re-test the yearly low of 1.0495.


Publication source
EXNESS information  EXNESS reviews

January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...
January 13, 2017
Yellen (Fed) with a neutral message but USD starts to fight back
USD was taking damage from the Wednesday Donald Trump specch until yesterday evening. Lack of details on economic and fiscal agenda at the first press conference of the president-elect caused a correction on equities boosted since the US elections...
January 12, 2017
Are OPEC cuts going to be in vain?
As OPEC and its biggest partner Russia have agreed to curtail Oil output prices, this offers the strongest catalyst of recovery since the start of the fight for market share back in 2014. Despite the initial market “hurrah” which helped the prices to get over the $50 mark...

Larson&Holz IT Ltd Rating
FXCM Rating
XM Rating
FxPro Rating
OANDA Rating
Fort Financial Services Rating

Beeoptions Rating
IQ Option Rating
OptionFair Rating
Binary Brokerz Rating
Porter Finance Rating
OptionBit Rating