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Calendar event / 2 hours agopreviousforecastactualMed Current Conditions45.34427.6Med Economic Expectations-17.5-19-15
Calendar event / Thursday at 10:00 GMT
EU Harmonised CPIpreviousforecastactualHigh CPI, Y/Y%+1.9%+1.6%+1.6%High Core CPI, Y/Y%+1%+1%+1%Med CPI, M/M%-0.2%0%0%Med Core CPI, M/M%-0.3%+0.5%+0.5%Med Ex-Tobacco, M/M%-0.2%0%Med Ex-Tobacco, Y/Y%+1.9%+1.5%
Calendar event / Wednesday at 7:00 GMT
DE CPIpreviousforecastactualMed Overall CPI, M/M%+0.1%+0.1%+0.1%Med Overall Index, Y/Y%+2.3%+1.7%+1.7%
Squawk / 15 January 2019 at 6:30 GMTEquities poised for further up legs t the 2019 advances
Global equity indices have posted solid, sideways consolidation activity over the past week, defending support levels from the recent early 2019 recovery rallies.
The strong advances so far this year have been driven by both a more dovish tone from the Federal Reserve in the US and a perception of positive progress on trade talks between the US and China.
The consolidations that have been seen into mid-January should provide platforms from which to launch higher, to challenge more significant resistance levels and turn the intermediate-term outlooks for equity indices from bearish to neutral and even to bullish.
Below we focus on the US broad benchmark average, the S&P 500 E-mini and the German benchmark, the DAX.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-poised-for-further-up-legs-t-the-2019-advances/
Calendar event / 14 January 2019 at 10:00 GMT
EU Industrial ProductionpreviousforecastactualHigh Indus Output, M/M%+0.2%-1.3%-1.7%Med Indus Output, Y/Y%+1.2%-2.1%-3.3%
Squawk / 11 January 2019 at 6:48 GMTEquity averages forming better bases
In previous articles already this week lwe have highlighted basing effort by global equity averages (the S&P 500 and DAX).
These technical bottoming attempts have been reinforced through this week from the fundamental side by apparent progress in the US-Sino trade talks and further dovish comments from Fed speakers, with the FOMC Minutes on Wednesday reinforcing these dovish outlooks.
Here we revisit the S&P 500 future, which has recently neutralised an intermediate-term bear theme, with the asymmetrical risks towards an intermediate-term bullish shift.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-forming-better-bases/
Calendar event / 09 January 2019 at 10:00 GMT
EU UnemploymentpreviousforecastactualMed Jobless Rate8%8.1%7.9%
Calendar event / 08 January 2019 at 10:00 GMT
EU Business & Consumer Surveys - Business Climate Indicator & Economic Sentiment IndicatorpreviousforecastactualHigh Business Climate Idx1.040.990.82High Econ Sent Idx109.5108.5107.3Med Consumer Conf Idx-3.9-6.2-6.2Med Indus Conf Idx18.104.22.168Med Services Conf Idx13.412
Calendar event / 08 January 2019 at 7:00 GMT
DE Industrial Production IndexpreviousforecastactualHigh Indus Output-Adj, M/M%-0.5%+0.3%-1.9%Med Indus Output-Adj, Y/Y%+1.6%-4.7%Med Mfring Output, M/M%-0.4%Med Construction Output, M/M%-0.3%-1.7%
Calendar event / 07 January 2019 at 10:00 GMT
EU Retail tradepreviousforecastactualMed Retail Sales, M/M%+0.3%+0.2%+0.6%Med Retail Sales, Y/Y%+1.7%+1.1%