(Last Updated February 25, 2021 7:24 GMT)
Here’s a look at the main macroeconomic data coming out later today that may impact the forex market.
| Metric Name | Reference Period | Currency | Date | Time | Forecast | Outcome |
|---|---|---|---|---|---|---|
| Euro Area Consumer Confidence Final | Feb 2021 | Euro | 2021-02-25 | 10:00 GMT | -14.8 | |
| Japan Retail Sales YoY | Jan 2021 | Japanese Yen | 2021-02-25 | 23:50 GMT | -2.6% | |
| United States Durable Goods Orders MoM | Jan 2021 | US Dollar | 2021-02-25 | 13:30 GMT | 1.1% |
The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. Of note is that NZD was the outperformer for the day, moving by 1.27%. On the flip side, JPY fared the worst, moving by -0.88%.
And in terms of interesting streaks, NZDJPY, NZDCHF, AUDJPY, CADJPY, EURTRY, AUDCHF, GBPJPY, AUDUSD, GBPCHF, EURCHF and GBPUSD have now rallied 8, 8, 9, 8, 8, 8, 8, 8, 9, 9 and 8 out of the past ten trading days.
Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDHKD and AUDNZD.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 7.98% from the day prior, but up 11.55% from the same day the week before.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
Volatility for gbp/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
The closest is the 20 day average, which is 15.6 pips away.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 22.71% from the day prior, but up 89.45% from the same day the week before.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
The closest is the 100 day average, which is 20.7 pips away.
Volatility for eur/sek has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.