- Tuesday, 22 March 2016
- News
German Business Climate increased more than expected
- Tuesday, 22 March 2016
- News
Euro lower on mixed PMI figures
- Monday, 21 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast - 22 March
Euro went back and forth in the course of the session on Monday. Pair found support around 1.1230 level and managed to rebound slightly by the end of the session, though area above 1.1280 area offered resistance. As for Tuesday, we can expect plenty of volatility with Eurozone data. Pair is likely to find support around 1.12 handle, and resistance above 1.13 and 1.1330 level in extension so these would be our short-term buying and selling points. On the other hand we can expect resistance above 1.13 and near 1.1330 handle.
Read more...- Monday, 21 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 22 March
From Eurozone, yesterday, Current Account data was released. The current account of the euro area recorded a surplus of €25.4 billion in January 2016. Analysts were predicting surplus of €26.3 billion. This reflected surpluses for goods (€27.6 billion), primary income (€4.7 billion) and services (€3.6 billion), which were partly offset by a deficit in secondary income (€10.5 billion).The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €316.1 billion, compared with one of €254.5 billion for the 12 months to January 2015.
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