Forex Market View 2/27/2019

Forex Market ViewAUDUSD has gained 1.1% in the last two sessions the RSI settles in the positive area.

EURUSD has shown slight gains in the last two sessions of 0.3% the stochastic RSI is giving an overbought signal.

The price of crude oil has plunged 3.1% in the last session the ATR remains in the high volatility area.



MBA Mortgage Applications will be released at 12:00 GMT.

Eurozone’s Consumer Confidence at 7:00 GMT.

Eurozone’s Trade Balance at 8:30 GMT.

Eurozone’s Business Climate at 10:00 GMT.

Canadian consumer price index at 13:30 GMT.

Japanese Industrial Production at 23:50 GMT.



USDJPY fell as the markets cheered signs of breakthrough in us-china trade talks.

Volkswagen shuffled management responsibilities at its core brand as it prepares to mass-produce electric cars.

Oil futures tumbled 3 percent after US President Donald Trump call for OPEC to relax and take it easy.