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It’s a Busy Day Ahead on the Data Front and It’s Departure Day for Britain

For the Japanese Yen

January inflation figures kicked things off this morning. Japan’s core annual rate of inflation softened from 0.8% to 0.7% in January. Economists had forecast for inflation to hold steady at 0.8%.

For the EUR

It’s a busy day ahead on the economic calendar. Key stats due out of the Eurozone include Germany and French consumer spending numbers and the Eurozone’s 4th quarter GDP numbers. Today’s figures will shed more light on how the economy performed and whether there are any more cracks at the turn of the year.

Outside of the numbers, any shift in sentiment towards the coronavirus will also influence on the day.

For the Pound

After the BoE vote count that failed to meet market expectations on Thursday, the focus will return to Brexit.

It’s Britain’s last day as a member of the EU and the Establishment failed in its quest to reverse Britain’s desire and perseverance to leave.

https://www.fxempire.com/news/article/its-a-busy-day-ahead-on-the-data-front-and-its-departure-day-for-britain-629732

EZ inflation and GDP preview: Downbeat figures could trigger the next leg down for EUR/USD

Scenarios for EUR/USD

While there are many permutations with two simultaneous publications, three general scenarios await traders

1) As expected: If Core CPI slows to 1.2% and annual GDP to 1.1%, the pressure on the euro will likely continue. The probability is high as substantial surprises are uncommon in these figures.

2) Weaker than expected: A significant miss in underlying inflation or a combination of a minor shortfall in both figures could send EUR/USD significantly lower, accelerating the trend.

3) Better than expected: A double beat or a surprising rise of Core CPI to 1.4% would send euro/dollar higher, but headwinds could limit these gains.

https://www.fxstreet.com/analysis/ez-inflation-and-gdp-preview-downbeat-figures-could-trigger-the-next-leg-down-for-eur-usd-202001292017

According to Trading Central (3rd party RIA) the EURUSD could be heading DOWN to 1.0880 if it does not go ABOVE 1.1120

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10595005

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 1.0880
1 € 3,333.33 € 6,666.67 € 1,359.75
5 € 16,666.67 € 33,333.33 € 6,798.75
10 € 33,333.33 € 66,666.67 € 13,597.50
25 € 83,333.33 € 166,666.67 € 33,993.75
50 € 166,666.67 € 333,333.33 € 67,987.50

According to Trading Central (3rd party RIA) the EURJPY could be heading DOWN to 1.118.20 if it does not go ABOVE 121.30

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10591010

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 118.20
1 € 3,333.33 € 6,666.67 € 1,660.00
5 € 16,666.67 € 33,333.33 € 8,300.00
10 € 33,333.33 € 66,666.67 € 16,600.00
25 € 83,333.33 € 166,666.67 € 41,500.00
50 € 166,666.67 € 333,333.33 € 83,000.00

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.