For 7 December 2023, here is an analysis of the trends in the major currencies on the Forex market, based on expected economic events and market forecasts:
- Eurozone GDP (05:00 - EUR)
- RisksGDP data (T/T and A/A) may indicate the economic health of the eurozone. A better or worse than expected performance may affect the EUR.
- AdviceEURUSD: Watch the market's reaction to the GDP data for trading opportunities in pairs involving the EUR, such as EURUSD and EURGBP.
- Eurozone inflation (CPI, 05:00 - EUR)
- RisksInflation: Inflation figures influence monetary policy decisions. High figures can strengthen the EUR.
- AdviceThe EURUSD and EURJPY could be influenced by this data. High inflation could support the EUR.
- Building permits in Canada (08:30 - CAD)
- RisksIndicator of economic health. Strong figures can reinforce DAC.
- AdviceTrading opportunities on CAD pairs, such as USDCAD, based on this data.
- Wholesale in the United States (10:00 - USD)
- RisksSales figures reflect commercial demand and can have an impact on the USD.
- AdviceFollow market reactions for opportunities on USD pairs, particularly USDJPY and EURUSD.
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