- Thursday, 11 February 2016
- News
Euro higher in less eventful Thursday trade
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.
Given the recent financial market turbulence in China, the continued drop in oil and commodity prices and the heightened geopolitical risks, doubts are being raised in some quarters as to whether the international environment is still providing the stimuli for euro-area growth that were incorporated into the December Euro system staff projection, with economic growth for 2016 and 2017 expected to be 1.7% and 1.9%, respectively.
Euro is currently being traded few points above 1.13 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1360 level.
Read more...- Wednesday, 10 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 11 February
Yesterday, from Eurozone, French Industrial Production figures were released. In December 2015, French output fell back in the manufacturing industry (-0.8% after +0.6% in November). It continued to decline in the industry as a whole (-1.6% after -0,9% in November). Analysts were anticipating 0.2% increase. Manufacturing output rose over the fourth quarter of 2015 compared to the third quarter (+0.4% q-o-q). Output increased more slightly in the whole industry (+0.2%). Read more...
- Wednesday, 10 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 11 February
Euro was pushed lower after Janet Yellen's testimony in the course of the yesterday's session, but found area around 1.1180 level to be supportive enough in order to rebound completely by the end of the session thus forming a hammer as a daily candle which is of course a postive sign. Tomorrow, we can expect some amount of support around 1.12 handle, previous resistance and yesterday's low, and resistance above 1.1350 handle, and 1.15 handle in extension. Read more...
- Wednesday, 10 February 2016
- News
French Industrial Production unexpectedly fell in December
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