We begin the week with ISM on the US, followed by a very important Tuesday with PPI and Elections throughout the whole day. Keep your favorite news channel on, as during the day we will be getting updates of how things are going for both democratic and republican parties. Wednesday we will get retail sales and most likely the market will be setting up things to receive rate decisions on Thursday by both ECB and BOE. The market is anticipating rate cuts from both central banks, the question now is how much will they cut? And if they do cut them at least 50 bp, how will the market react? We recommend waiting for the actual news to come out and the market begins to react, then you will have a clear vision of what is going on and you can jump into action and benefit from the actual volatility. Friday will bring Ger. Trade Balance and Non Farm Payrolls on the US, these will be very important as they bring numbers of the hurting economy in the US. Later on we get unemployment which is expected to continue rising to 6.2%.
HIGH: 1.2900
LOW: 1.2480
CLOSE:1.2540
Have a nice week and please remember to focus and be patient.
[Ing. Bernardo A. Martínez Garza
Socio-Director
Rio Missouri #448
San Pedro N.L.
T. (+)52 (81)8004-1030
01800-00-NEXUM
*De ser mi primer contacto hacia usted, le pido dé respuesta de recibido para mejorar nuestra comunicación.
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