Forex Charts

FX Daily

Spanish and German inflation data for August are released ahead of the euro figureon Friday.

In terms of data releases we have a very light global calendar. In Germany the GfKconsumer confidence for September is released.

Focus is expected to be on the Ukraine crisis once again, as there is an event inBelarus’s capital Minsk, where top officials from

All resistance containing the 7-month triangle/consolidation in $yen was broken via the rallies through 103.09 & 104.13.

The bear triangle resolved lower as expected. Since the triangle is considered wave-4 of (3),

Focus is likely to be on comments from the Jackson Hole Central Bank conference.Especially Draghi’s dovish ones are likely to be in focus.

Focus will be on Janet Yellen’s speech in Jackson Hole at 16:00 CET. Yellenspeaks on the subject of the labour market

Today’s Flash PMIs in Germany, France and the euro area will give more cluesabout the slowdown in the euro area.

Developments in the Ukraine crisis remain the main market mover and it seemsno news is good news,

The situation in Ukraine continues to be the main focus of the markets.

Main focus will continue to be the situation in the Ukraine crisis.

The decline from 103.09-101.51 unfolded in 5 waves and we have marked this wave-A of an A-B-C move.