wrapper

EUR/USD Daily Forecast – 29 August

Monday, Aug 28 2017
EUR/USD Daily Forecast – 29 August

From Eurozone, M3 Money Supply figures were published. The annual growth rate of the broad monetary aggregate M3 decreased to 4.5% in July 2017, from 5.0% in June, averaging 4.8% in the three months up to July. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), decreased to 9.1% in July, from 9.7% in June.  The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -3.2% in July, from -3.0% in June. The annual growth rate of marketable instruments (M3-M2) was more negative at -2.8% in July, from -0.6% in June.

In the US session Goods Trade Balance. An early look at U.S. trade patterns in July points to a wider deficit. The advanced trade gap in goods — services are excluded — widened by nearly 1.8% to $65.1 billion in July, the Commerce Department said Monday. Both exports and imports declined, but exports dropped at a faster pace. Economists surveyed by MarketWatch expected a goods trade deficit of $64.6 billion. The government will release overall trade numbers, including services, for July next week, but the size of the trade deficit is generally tied to changes in exports and imports of goods. Trade patterns involving services rarely change much from month to month.

 

There will be no major data releases from Eurozone tomorrow. In the US session Consumer Confidence figures will be published. Analysts anticipate decrease to 120.3.

 

Figures to watch:

 

CB Consumer Confidence (Tuesday 16:00)

More in this category: « GBP/USD Daily Forecast – 29 August AUD/USD Daily Forecast – 30 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.