- Friday, 12 February 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 15 February – 19 February
After it went through a steadier beginning of the week with a support around 1.09 handle, euro was pushed higher on speculations that Fed will not rise interests rates in the near future. Next week should be less volatile, at the very beginning, with volatility coming back with FOMC Meeting Minutes and CPI figures. We believe that some amount of support can be expected around 1.11 handle, which proved to be a major a support last week, while we would consider selling the pair at the sign of weakness near 1.15 handle as this is major resistive area.
Read more...- Friday, 12 February 2016
- News
Euro area GDP rose by 0.3% in Q4
Seasonally adjusted GDP rose by 0.3% in both the euro area (EA19) and the EU28 during the fourth quarter of 2015, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2015, GDP grew by 0.3% and 0.4% respectively. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the euro area and by 1.8% in the EU28 in the fourth quarter of 2015, after +1.6% and +1.9% respectively in the previous quarter
Read more...- Thursday, 11 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 12 February
There were no data releases from Eurozone on Thursday. Jens Weidmann from the ECB said that there is no doubt that the current monetary policy situation is not an easy one, with downside risks to inflation in the euro area having increased recently. This concern is also evident in the introductory statement of the ECB Governing Council last week. There is no doubt that uncertainty is currently running high.
Read more...- Thursday, 11 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 12 February
Euro was pushed higher in the course of the yesterday's session, testing 1.1370 level to be resistive enough in order to pullback by the end of the session. However, this pullback should just be seen as a buying opportunity. Tomorrow, we can expect some amount of support around 1.1250 handle, previous resistance and yesterday's low, and resistance above 1.14 handle, and 1.1450 handle in extension. Read more...
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