wrapper

EUR/USD Weekly Forecast - 18 May - 22 May

Friday, May 15 2015

Events that marked the week:

Wednesday's session was marked by French, German, Italian and Eurozone GDP data. In Q1 2015, French GDP in volume terms increased by 0.6%, after a stability in Q4 2014. Analysts were anticipating 0.4% increase. In the three first months of 2015, household consumption expenditure accelerated (+0.8% after +0.1%) while total gross fixed capital formation (GFCF) decreased again (–0.2% after –0.4%). Overall, total domestic demand (excluding inventory changes) increased: it contributed for +0.5 points to GDP growth (after +0.1 points in Q4 2014).

 German gross domestic product (GDP) rose 0.3% from the fourth quarter of 2014 after adjustment for price, seasonal and calendar variations. Analysts were forecasting 0.5% growth. In the last quarter of 2014, a marked increase of 0.7% was recorded. The quarter-on-quarter comparison – following price, seasonal and calendar adjustment – shows that positive contributions mainly came from domestic demand, according to provisional calculations.

 

Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2015, compared with the previous quarter. Rise by 0.5% was anticipated. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.0% in the euro area and by 1.4% in the EU28 in the first quarter of 2015, after +0.9% and +1.3% respectively in the previous quarter.

 

Italian Gross domestic product rose 0.3% from the previous quarter, when it stagnated. Analysts were forecasting growth by 0.2%. Decline in the euro exchange rate and in oil price supported the economic growth in the first quarter.

 

This week markets will be looking at:

 

German ZEW Economic Sentiment/ ZEW Economic Sentiment (Tuesday 11:00)

French Flash Manufacturing PMI/French Flash Services PMI (Thursday 9:00)

German Manufacturing PMI/German Flash Services PMI (Thursday 9:30)

Flash Manufacturing PMI/Flash Services PMI (Thursday 10:00)

German Ifo Business Climate (Friday 10:00)

More in this category: « GBP/USD Weekly Forecast - 18 May - 22 May AUD/USD Weekly Forecast - 25 May - 29 May »

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.