wrapper

EUR/USD Daily Forecast - 28 March

Friday, Mar 25 2016

There were no data releases from Eurozone Friday morning with banks being closed in observance of Good Friday holiday. Euro area economic growth is expected to accelerate further over the next several years but weak external demand and a slowdown in emerging markets will dampen the recovery, the European Central Bank said on Thursday in a regular economic bulletin. In an outlook that is broadly in line with the ECB's projections presented at the March 10 rate meeting, the bank added that government debt will decline only gradually and further consolidation is needed to set the public debt ratio on a downward path.

In the US session GDP figures were released. Real gross domestic product increased at an annual rate of 1.4% in the fourth quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. No change from prelim reading of 1.0% increase was expected. In the third quarter, real GDP increased 2.0%. The increase in real GDP in the fourth quarter reflected positive contributions from PCE, residential fixed investment, and federal government spending that were partly offset by negative contributions from nonresidential fixed investment, exports, private inventory investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, decreased.

 

There will be no data releases from Eurozone on Monday with banks being closed in observance of Easter Monday. In the US session Final Pending Home Sales figures will be published. Analysts forecast 1.2% increase.

 

Figures to watch:

 

Pending Home Sales (Monday 15:00)

More in this category: « GBP/USD Daily Forecast - 28 March AUD/USD Daily Forecast - 29 March »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.