Market Participants Seem to be Waiting for Fundamental News

Until this afternoon, the main forex pairs moved very limited. The lack of market driving sentiment is the cause. Market participants seem to be waiting for fundamental news to start entering the trading floor.

Some of the market driving factors awaited by market participants today include the German Preliminary GDP q / q, US Retail Sales m / m, and US Core Retail Sales m / m. Some other data releases awaited include Eurozone Flash GDP q / q, Canadian Consumer Price Index m / m and y / y, and Speech from FOMC Member Randal K. Quarles, Vice Chair for Supervision.

Until the beginning hours of the European session opening, the market moved limited with price ranges ranging from 20-30 pips. The German Preliminary GDP release which is predicted to strengthen is not enough to move the market. Likewise with French final CPI.

As predicted previously, German Preliminari GDP data is released at 0.4% according to consensus. It seems that the market has anticipated this data so that no movement is beyond predictions. In fact, the French Final CPI data released was greater than consensus of 0.3% which was not enough to make the currency market stretched. Compared with the provisional estimates published on April 30, 2019, the month-on-month and year-on-year changes in the CPI and in the HICP were up by 0.1points.

 

Free Forex Signal May 15, 2019

We are providing free forex signal for today’s European-America session. This signal is valid only until the end of US trading session of May 15, 2019.

GBP/USD

Buy Limit 1.2900     |      Target Profit 1.2947    |      Stop Loss 1.2875

USD/JPY

Sell Limit 109.67    |      Target Profit 109.22    |      Stop Loss 109.90

EUR/JPY

Sell Limit 122.91    |      Target Profit 122.43    |      Stop Loss 123.08

GBP/JPY

Sell Limit 141.60    |      Target Profit 141. 10    |      Stop Loss 141.92

Leave a Reply

Your email address will not be published. Required fields are marked *