Market Outlook February 11 2019

Market Outlook

Euro-Dollar pair has edged down 0.1% in the last session stochastic is giving an oversold signal. Crude oil has performed a minor correction gaining 0.2% in the previous session stochastic settles in the positive area. Bitcoin has gained an impressive 7.1% in the last session the ATR is signaling high volatility. Gold has shown slight gains over the previous two sessions 0.6% RSI is in the positive area.

US unit labor costs will be released at 13:30 GMT. Japanese machine tool orders at 6:00 GMT and the Swiss CPI at 7:30 GMT. The UK industrial production at 9:30 GMT and the UK GDP at nine thirty GMT.

Sterling remains stable as new UK laws on foreign investment kick in confining Chinese firm Huawei. The euro edged down is Germany’s trade surplus widened to nineteen point four billion euros above the estimate.