Euro lower in a quite Monday trade

wrapper

News
Analysis
- Fundamental
  
  Daily fundamental analysis
  
  Weekly fundamental analysis
- Technical
  
  Daily technical analysis
  
  Weekly technical analysis
Charts
Basic terms
Education
Calendar
Contact

Monday, May 18 2015

Euro is spending morning part of the session in decline, though there are no major data releases from Eurozone. On Friday ECB President Mario Draghi stated that that the massive stimulus for the euro zone will remain in force “as long as needed” until the prices are stabilized, putting some downward pressure on the currency that was recently supported by weak US figures.

Earlier today, Italian Trade Balance figures were released. Trade balance in March amounted to +4.0 billion Euros (+487 million Euros for EU area and +3,573 million Euros for non EU countries), beating forecasts on 2.8 billion Euros of surplus. Trade increased for both flows: exports (+9.2%) and imports (+9.7%). Outgoing flows increased by 6.1 for EU countries and 13.2 for non EU countries. Incoming flows increased by 10.1 for EU area and by 9.1 for non EU area.

Euro is currently being traded few points above 1.1380 level. Pair is likely to find support around 1.1350 area and resistance above 1.1450 level. There will be no major data releases in the rest of the session.

More in this category: « New Motor Vehicle Sales down by 1.5% in April Gold markets at a three-month high »

Latest from Editor

Popular

UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…

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.

Menu

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.