01.12.201707:50 Forex Analysis & Reviews: Fundamental Analysis of EUR/CAD for December 1, 2017

Revisione a lungo termine

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

EUR/CAD has been impulsively bullish the gains recently breaking above 1.5220 resistance area and retested it for further bullish pressure in the coming days. EUR has been quite positive with the economic reports and events recently which lead the currency to gain momentum over CAD despite the positive economic results this week. Today EUR Spanish Manufacturing PMI report is going to be published which is expected to increase to 56.6 from the previous figure of 55.8, Italian Manufacturing PMI is expected to increase to 58.4 from the previous figure of 57.8, French Final Manufacturing PMI is expected to be unchanged at 57.5, German Manufacturing PMI is expected to be unchanged at 62.5 and Final Manufacturing PMI report is also expected to be unchanged at 60.0. On the CAD side, today there are several high impact economic reports which are expected to inject a good amount of volatility in the market and may lead to gains on the CAD side. Today CAD Employment Change report is going to be published which is expected to decrease to 10.2k from the previous figure of 35.3k, GDP is expected to be positive at 0.1% from the previous negative value of -0.1%, Unemployment Rate is expected to decrease to 6.2% from the previous value of 6.3% and Manufacturing PMI report is expected to show an increase from the previous figure of 54.3. As of the current scenario, forecasts of the CAD economic reports are quite mixed in nature whereas any positive economic report of CAD is expected to lead to further gains over EUR for a certain period. Overall, EUR is expected to gain further on the long-term basis.

Now let us look at the technical view, the price is currently residing above 1.5340 price level which is expected to retrace towards 1.5220 support area before it shows some progress higher with the target towards 1.5500 resistance area in the coming days. As the price remains above 1.5220 with a daily close the bullish bias is expected to continue further.

All`elenco degli articoli

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.