wrapper

EUR/USD Daily Forecast – 22 August

Monday, Aug 21 2017
EUR/USD Daily Forecast – 22 August

There were no data releases from Eurozone yesterday with focus on ECB. Europe is getting back in the game, and the world economy is all the better for it. The European Central Bank shouldn't spend too much time worrying about whether its actions curb the euro. After all, the currency's 12 percent appreciation against the dollar this year reflects mostly what's going right for the euro region: Its expansion is picking up, with Germany, France and Italy reporting relatively robust increases in gross domestic product. And the region's labor markets are continuing to heal.

 

Inflation, while short of the ECB's target of close to but below 2 percent, is slowly gathering a bit of momentum; deflation no longer seems like an existential concern. All this means the ECB is likely to soon begin paring back its stimulus. It should proceed and not worry overly about the euro. Be mindful of policy impact, for sure. And be humble: Remember that Frankfurt has limited ability, by itself, to influence the overall dynamics of currency markets. 

 

Tomorrow, from Eurozone, ZEW Economic Sentiment figures will be released. Analysts predict decline to 14.8 in German and 34.2 in Eurozone sentiment. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

ZEW Economic Sentiment (Tuesday 11:00)

Last modified on Monday, 21 August 2017
More in this category: « GBP/USD Daily Forecast – 22 August AUD/USD Daily Forecast – 22 August »

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.