- Tuesday, 01 March 2016
- News
Spanish Manufacturing PMI up, Italian PMI fell in February
- Monday, 29 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 01 March
Euro was pushed lower in the course of the yesterday's session going all the way to 1.0860 level, with decline mostly due to quite disappointing Eurozone CPI figures. As for Tuesday, pair is likely to find some amount of support around 1.0830 and 1.08 level in extension, as this is the bottom of recent consolidation range, while area around 1.0950 level which was previously supportive should offer some amount of resistance, at least initially, and then 1.0980 level in extension in a case of a larger uptrend. Read more...
- Monday, 29 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 01 March
Yesterday's session was marked by Eurozone CPI and German Retail Sales data. Euro area annual inflation is expected to be -0.2% in February 2016, down from 0.3% in January, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in February (1.0%, compared with 1.2% in January), followed by food, alcohol & tobacco (0.7%, compared with 1.0% in January), non-energy industrial goods (0.3%, compared with 0.7% in January) and energy (-8.0%, compared with -5.4% in January).
Read more...- Monday, 29 February 2016
- News
Eurozone CPI fell to -0.2%
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