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Private Sector PMIs and Retail Sales Figures Put the EUR, GBP, USD and Loonie in Focus

It’s a busy day ahead, with private sector PMIs for January to set the tone. Expect retail sales figures from Canada to also drive the Loonie.

For the Japanese Yen

The annual rate of core inflation picked up from 0.5% to 0.7% in December, according to figures released by the Ministry of Internal Affairs and Communication. Economists had forecast an annual rate of core inflation of 0.7%.

The Japanese Yen moved from ¥109.528 to ¥109.552 upon release of the figures, which preceded the prelim PMI numbers.

Japan’s manufacturing PMI increased from 48.4 to 49.3 in January, with Japan’s services PMI jumping from 49.4 to 52.1, according to prelim figures.

For the EUR

It’s a busy day ahead on the economic calendar. Key stats include prelim January private sector PMI numbers out of France, Germany, and the Eurozone.

We can expect the numbers to garner plenty of attention, with the markets expecting improved private sector conditions.

On the monetary policy front, ECB President Lagarde is also scheduled to speak, though there are unlikely to be too many surprises following Thursday’s press conference.

At the time of writing, the EUR was down by 0.02% to $1.1053.

For the Pound

It’s a relatively busy day ahead on the economic calendar. January prelim private sector PMI numbers are due out later today.

While the manufacturing numbers will influence, expect the services PMI to have the greatest impact. The devil may well be in the details, however, with new orders and employment likely to be the main areas of focus.

On the geopolitical front, Brexit will also be in focus as Britain prepares to enter the transition period at the end of next week.

https://www.fxempire.com/news/article/private-sector-pmis-and-retail-sales-figures-put-the-eur-gbp-usd-and-loonie-in-focus-628110

According to Trading Central (3rd party RIA) the EURGBP could be heading UP to 0.8776 if it does not go BELOW 0.8362

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10582777

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 0.8776
1 € 3,333.33 € 6,666.67 € 7,846.07
5 € 16,666.67 € 33,333.33 € 39,230.35
10 € 33,333.33 € 66,666.67 € 78,460.70
25 € 83,333.33 € 166,666.67 € 196,151.75
50 € 166,666.67 € 333,333.33 € 392,303.50

According to Trading Central (3rd party RIA) the GBPUSD could be heading DOWN to 1.2900 if it does not go ABOVE 1.3275

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10585855

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 1.2900
1 € 3,958.83 € 7,917.66 € 1,990.12
5 € 19,794.14 € 39,588.28 € 9,950.60
10 € 39,588.28 € 79,176.56 € 19,901.20
25 € 98,970.70 € 197,941.41 € 49,753.00
50 € 197,941.41 € 395,882.82 € 99,506.00

Important Notice!

As of 1 February 2020, “EuropeFX” is no longer a Corporate Authorised Representative (“CAR”) of Union Standard International Group Pty Ltd (“USG”), which holds an Australian Financial Services License (“AFSL”) # 302792.

As of 1 February 2020, “EuropeFX” is no longer a Corporate Authorised Representative (“CAR”) of Union Standard International Group Pty Ltd (“USG”), which holds an Australian Financial Services License (“AFSL”) # 302792.

Moving forward all of your trading services (as stipulated in the Terms of Business, FSG and PDS) will be provided to you directly by USG with exactly same business terms and user experience.

As the issuer of the CFD financial products and responsible financial services licensee, USG has been providing the underlying trading services which were made available to you through the EuropeFX platform. There will be no interruption or change to your trading experience.

All of your trading history, and all open position will remain open and will be reflected also in your new client area when you login on or after 1 February 2020. The only difference moving forward will be that all customer support and inquiries after 31 January 2020 will be provided by representatives of USG rather than EuropeFX.

As of the 1 February 2020, please contact UGS’s support team via email to [email protected] or via telephone: +61 2 9251 1416.

We thank you for your support and business to date, and wish you all the best for continued trading success.