wrapper

Euro area economic growth is expected to accelerate further

Friday, Mar 25 2016
There were no data releases from Eurozone today. 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.
 
Euro is currently being traded few points below 1.1160 level. Pair is likely to find support around 1.11 handle and resistance above 1.12 level. Later today, in the US session, Final GDP figures are scheduled for a release.
More in this category: « Pound struggles as Brexit concerns persist US GDP grew by 1.4% in Q4 »

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.