- Friday, 19 February 2016
- News
German PPI down by 0.7%
In January 2016 the index of producer prices for industrial products in Germany fell by 2.4% compared with the corresponding month of the preceding year. In December 2015 the annual rate of change all over had been –2.3%.In January 2016 energy prices decreased by 7.3% compared with January 2015, prices of intermediate goods by 2.2%.
Read more...- Thursday, 18 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 19 February
Euro was initially pushed higher the course of the Tuesday's session, but found area around 1.1150 handle to be resistive enough, in order for pair to pullback in the US part of the session all the way to 1.1070 handle, but rebounded and break once again above 1.11 handle by the end of the session. As for tomorrow, we can expect some amount of support around 1.1050 handle, previous resistance and 1.10 level in extension, while area around 1.1180 level, should offer some amount of resistance.
In long-term trends despite this recent downtrend, we have no interest in selling the pair as long as we are above 1.10 handle. Despite this decline, we would still not start shorting the market as there is significant amount of support at 1.1050 and 1.10 handle. Supportive candles on pullbacks could be offering buying opportunity at the moment.
Read more...- Thursday, 18 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 19 February
From Eurozone, Current Account, data was released. The current account of the euro area recorded a surplus of €25.5 billion in December 2015. This reflected surpluses for goods (€26.5 billion), services (€4.6 billion) and primary income (€5.5 billion), which were partly offset by a deficit in secondary income (€11.2 billion). According to the preliminary results for 2015 as a whole, the current account recorded a surplus of €314.0 billion (3.0% of euro area GDP), compared with one of €245.6 billion (2.4% of euro area GDP) in 2014.
Read more...- Thursday, 18 February 2016
- News
Euro area current account recorded a surplus of €25.5 billion
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