2015-05-22 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German GDP] past data is 0.3%forecast data is 0.3%actual data is 0.3% according to the latest press release if actual > forecast (or previous data) = good for currency (for EUR in our case) [EUR - German GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy. ========== EURUSD M5: 24 pips price movement by EUR - German GDP news event: ...
EUR/GBP is resuming its larger downtrend, following the break of 0.7174/0.7166, notes Bank of America Merrill Lynch. "We look for a test and break of the Mar-11 low at 0.7014, ahead of the 0.6900/0.6800 region. Bounces should not exceed the Apr-19 high at 0.7245," BofA projects. Turning to EUR/USD, BofA notes that while the 1.0500-1.1000 range is still intact, its correction is turning increasingly in a 'Triangular' pattern. ...
EUR/USD EUR/USD broke below the 78.6% retracement of the late-March range yesterdayWhile below 1.0830 our near-term trend bias is lower in the euroThe 127% extension of the 2005-2008 adavance around 1.0440 looks to be the next major pivot for the rateA minor turn window is eyed around the end of the weekInterim resistance is seen around 1.0685, but only a move through 1.0830 would turn us positive on the single currency ...
US Dollar Forecast – Dollar Exhibits Speculative Frenzy Before FOMC Offers Rate Timetable The day of reckoning is almost upon us. This Wednesday, the Federal Open Market Committee (FOMC) will deliver its forecasts for economic trends and interest rates. Japanese Yen Forecast – USD/JPY to Take Cues From FOMC as BoJ Endore Wait-and-See Approach The Federal Open Market Committee’s (FOMC) March 18 meeting may overshadow the fresh ...
Trading the News: U.S. Gross Domestic Product (GDP) The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s largest economy. What’s Expected: Why Is This Event Important: Even though the Federal Open Market Committee (FOMC) is widely expected to raise the benchmark interest rate in mid-2015, ...
Recent Comments