wrapper

EUR/USD Daily Forecast - 28 June

Wednesday, Jun 27 2018
EUR/USD Daily Forecast - 28 June

From Eurozone, yesterday, M3 Money Supply figures were released. The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in May 2018 from 3.8% in April, averaging 3.9% in the three months up to May. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 7.5% in May from 7.0% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was -1.7% in May, compared with -1.9% in April.

In the US session Durable Goods Orders figures were published. New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, slipped 0.2 percent last month. April data was revised to show the so-called core capital goods orders surging 2.3 percent instead of the previously reported 1.0 percent rise. Economists polled by Reuters had forecast core capital goods orders gaining 0.5 percent last month.

Tomorrow’s session will be on German CPI data. 0.2% increase is forecasted. In the US session Final GDP figures will be released. Growth by 2.2% is anticipated.

Figures to watch:

German Prelim CPI (Thursday)

Final GDP (Thursday 13:30)

More in this category: « GBP/USD Daily Forecast - 28 June AUD/USD Daily Forecast - 29 June »

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.