The latest news and investors forecasts about the Fed interest rates politic move the markets. The Dollar losses against the Euro are caused by the cutting expectations of interest rates hikes in 2016. The first expectation was for 4 hikes in the year while these days are talking for one or maximum two interest rates correction into upward direction. World-Signals.com continues to expect maximum one interest rates raise in 2016.
The major economic events that will move the market this week are on Friday US Nonfarm Payrolls and Unemployment Rate at 12:30 GMT. Also from United States the other key events are ISM Index on Monday at 14:00 GMT and Wednesday reports for Trade Balance at 12:30 GMT and ISM Services at 14:00 GMT.
In Europe on Monday the focus is over EU Markit Manufacturing PMI at 8:00 GMT and Germany Markit Manufacturing PMI at 7:55 GMT. On Tuesday the most important events are PPI at 9:00 GMT and European Commission Releases Economic Growth Forecasts in unknown hour. On Wednesday at 7:00 GMT is Non-monetary policy's ECB meeting followed by Germany Markit Services at 7:55 GMT and EU Markit Services at 8:00 GMT.
Any negative news by United States will signal for no more interest rates changes or maximum one raise with 25 bps till the end of the year.
EURUSD is close to the key resistance at 1.1460 as World-Signals.com expects to see test above the level this week. The support levels are 1.1310 and 1.1140.
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