Timely Euro Data Bombshell May Turn The Tables on EURUSD
We’re in for a week of market-moving data, with recent CPI results and GDP updates impacting volatility. Australian CPI released this morning shows higher-than-expected quarterly numbers, yet core inflation remains mixed. The Australian dollar spiked initially against the USD but retraced to trade lower, reflecting market uncertainty.
Today’s big events include Eurozone data, with GDP releases from France, Spain, Germany, and the Euro area, as well as the U.S. GDP later tonight. Expect movements if GDP figures in Europe surprise, especially with French and Spanish GDP forecasts anticipated at 0.3% and 0.6%, respectively. If Germany’s GDP comes in lower than the predicted -0.1%, we may see further Euro declines.
For EUR/USD traders, it’s crucial to watch the consolidation range between 1.0740–1.0870, as a break on either side could set new directional momentum. Given the ongoing U.S. election buzz, with Trump considered a frontrunner, a Trump loss could shock markets, especially as several major financial institutions and betting markets are banking on his victory.
This election cycle could resemble 2016, where early results initially drove up the Euro. Yet, as Trump’s lead grew, the market pivoted. With traders and analysts closely watching, a Trump loss could result in significant volatility across major pairs.
*Join us for tomorrow’s webinar* for an in-depth discussion of these topics, trading strategy tips, and live Q&A. See you there!
Register here for the next webinar: https://acy.com/en/education/webinars/
Join Luca's Telegram Trading Feed: https://t.me/+bkfmaA76P2VlMTQ1
Free Trading eBook Series: https://acy.com/en/education/ebook/
• EUR/USD on Edge: Will Trump’s Return Spike...
• ACY Securities Forex Education Series
• ACY Trading Platform Quick Guides - Tutori...
• The 5 Essential Must-Know Topics to Get St...
• ACY Securities Educational Video Blogs
• Trading Strategies
Catch up with the latest news and market analysis here: https://acy.com/en/market-news
Get in touch today:
Web: https://www.acy.com
Twitter: / acy_securities
Facebook: / acy.securities
Spotify: https://open.spotify.com/show/2g4Py8A...
Phone:
Australia
1300 729 171
International
+61 2 9188 2999
#acysecurities #keylevels #forexanalysis #forex #ForexTrading #MarketAnalysis #USD #EURUSD #TrumpElection #CPI #GDP #ForexWebinar
@ACYSecuritiesAustralia
Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets.
Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience.
ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions.
ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses.
ACY Capital LLC ('ACY LLC'), ACY LLC is incorporated in St Vincent and the Grenadines (Company number: 2610 LLC 2022). Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown.
© 2018 - 2024 ACY Securities is a brand name of ACY AU and ACY LLC, ACY Securities Pty Ltd. All rights Reserved.