Euro Zone
EUR/USD: The European currency began the week slightly higher, reaching as high as 1.3441 and remained hovering around that area, while the solid resistance area stands around 1.3470’s, where the pair failed to break above that resistance since last week, meanwhile technical indicators are slightly positive, while stochastic oscillator trending back, and RSI remain positive, therefore, the pair may retest 1.3470 during the day, before the trend may resume during the week.
Final Services PMI: Estimate of the Services Purchasing Managers' Index (PMI) for a nation, designed to provide a comprehensive indication of the final Services PMI data.
Sentix Investor Confidence: Monitors investor sentiment over the economic health of the euro zone region.
Retail Sales: An accumulated measure of retail goods sales over a given time period, which is a significant indicator to gauge consumer spending.
United Kingdom
GBP/USD: The pair began the week slightly lower during Asia reaching as low as 1.5586, before it edged higher again above 1.56 reaching as high as 1.5643 till this report is released. Technical indicators are mixed, with stochastic showing a flat territory, while RSI remain slightly positive, which could suggest another upside retracement to retest its 50 DAY MA which stands around 1.5770’s before the trend resume later this week, the next obstacle resistance stands at 1.5710 before the 50 DAY MA.
Services PMI: Monthly data which focuses on business conditions in the UK service sector. A survey is conducted whereby executives from various sectors including the financial and business industries are asked about the business activity in their region.
EUR/USD: The European currency began the week slightly higher, reaching as high as 1.3441 and remained hovering around that area, while the solid resistance area stands around 1.3470’s, where the pair failed to break above that resistance since last week, meanwhile technical indicators are slightly positive, while stochastic oscillator trending back, and RSI remain positive, therefore, the pair may retest 1.3470 during the day, before the trend may resume during the week.
Final Services PMI: Estimate of the Services Purchasing Managers' Index (PMI) for a nation, designed to provide a comprehensive indication of the final Services PMI data.
Sentix Investor Confidence: Monitors investor sentiment over the economic health of the euro zone region.
Retail Sales: An accumulated measure of retail goods sales over a given time period, which is a significant indicator to gauge consumer spending.
United Kingdom
GBP/USD: The pair began the week slightly lower during Asia reaching as low as 1.5586, before it edged higher again above 1.56 reaching as high as 1.5643 till this report is released. Technical indicators are mixed, with stochastic showing a flat territory, while RSI remain slightly positive, which could suggest another upside retracement to retest its 50 DAY MA which stands around 1.5770’s before the trend resume later this week, the next obstacle resistance stands at 1.5710 before the 50 DAY MA.
Services PMI: Monthly data which focuses on business conditions in the UK service sector. A survey is conducted whereby executives from various sectors including the financial and business industries are asked about the business activity in their region.