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Today at 08:30am for the dollar have a number of reports of high impact to the forex market: Building Permits, PPI and Core PPI, Housing Starts, all these stories are mainly the property market and producer prices. According to analysts’ forecasts the housing market is improving, the increase for building permits and construction of new homes in line with the latest data on the housing sector. Instead, producer prices are expected to decline from the previous month, this is bad news for the dollar, as we know the greater the inflation, more currency strengthens, we’ll see how it will impact the real data that will have on the forex markets.

Today we look at the currency pair EUR / GBP, the movement of this pair is now clearly on the upside, the exchange rate is 0.9175, the single point of inversion that is a threshold of support for this currency pair is 0.9050, which icon corresponds also a psychological threshold, then a reversal may be called only at that point clear, the movement of EUR / GBP will most probably could go up to 0.93. As for the news for the dollar there aren’t important news, this morning the dollar has strengthened to all other currency pairs, other than the euro.

In the past week EUR / USD failed to reach the exchange rate of 1.5, fundamental analysis of the news during the week were better than expected, the expectations on the economy are good, but still the credit market is not working well, but unemployment increasing constantly. Economy sees the light, but not out of the tunnel. Only in this case, many companies will start to invest and plan new investments reviving the job market. today many companies are likely to fail because they don’t get credit, because they are considered risky.

Eur / usd failed the resistance to 1.5, and now it is tracking relative to its last maximum, the news on employment has been better than expected, reports of fundamental analysis in recent times is experiencing better than expected and this gives confidence to investors, especially those working in the stock market. The news of fundamental analysis for the dollar today will be: TIC Long-Term Purchases, Capacity Utilization Rate, Industrial Production, Prelim UoM Consumer Sentiment, today is Friday there should be no surprises in the final closure of the forex markets.

The data on forecasts of retail sales yesterday were better than expected, then EUR / USD failed to overcome the psychological threshold of 1.5, currently eur / usd exchange to 1.4940. now scheduled for the dollar will have several reports of high impact, the most important is unemployment claims, it is expected that over the past week 524k people have requested the dole for the first time, a forecast worse than expected would lead to further devaluation of the dollar and therefore exceeded the threshold 1.5, important things to monitor are: Core CPI m / m, Empire State Manufacturing Index, Philly Fed Manufacturing Index, Crude Oil Inventories. If the prevailing negative news, the dollar will probably weaken, otherwise we will see a correction of EUR / USD.

Eur / usd is marking new highs, currently shared 1.49, is directed towards the threshold 1.5, the break of this resistance could push toward record highs, if the currency pair EUR / USD will not be opposed by any central bank that has no interest to maintain a weak dollar. The news of fundamental analysis, high-impact for the dollar today will be: Retails sales and core retails sales, forecasts of analysts are very pessimistic.. If the scenario is confirmed, or if it is more negative than expected, the psychological threshold of 1.5 could be reached today.

Eur / usd is increasing today, very close to the maximum period, currently exchanging at 1.4788, we see whether it will overcome the resistance to 1.5, in which case EUR / USD could also generate new highs. The news of fundamental analysis for the U.S. dollar are few and of little value except the Federal badget balance, but unfortunately we do not know the time of realese. The biggest news today will be for the Euro: German ZEW Economic Sentiment in an interview that measures the level of optimism among investors and analysts, the scenario looks very good for the economy.

Let us remember that today the banks in America and Canada will be closed, because it is a national holiday, so volumes could be reduced and the volatility irregular. The most important news of the day are NZD, with retails sales that include an increase from the previous month, 0.6% vs. -0.5% last month, the news is high impact so if you were to confirm the prediction NZD should appreciate. The other major news of the day will be for the British pound, which always relate to retail sales, and also an indicator of the property market, which measures the shade of the houses that signal an increase over the previous month.

Tomorrow is a national holiday in Japan, so the banks will be closed, and so the volatility will be irregular, as volumes fail to market. Instead, banks will be closed Monday in America and Canada, in America for the Columbus Day and in Canada for Thanksgiving. The new week of trading could be irregular, with high volatility or a flattening in the forex market. EUR / USD closed the week with an exchange rate of 1.4728, but the week has been positive for the euro against the dollar.

The exchange rate of EUR / USD is currently 1.4743, this cross is being correct with respect to yesterday when it reached a maximum at 1.4817. Today is Friday, forex markets closed, to reopen after the weekend, today there is no news of particular relevance to the dollar this week with the exception of meetings of the IMF, we had a week with few major macroeconomic events. The volatility in the markets now seem relatively low compared to yesterday, the focus is definitely on the U.S. dollar, as many countries fear a further weakening of the dollar, so there is pressure to counteract this effect.