- Monday, 07 March 2016
- News
ECB expected to add further stimulus
- Monday, 07 March 2016
- News
German Factory Orders decreased by 0.1%
- Friday, 04 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 07 March
Euro was initially pushed lower in the course of the Friday's session, due to better than forecasted NFP figures, but found area around 1.09 handle to be supportive enough in order to turn around and break above 1.10 handle, but with resistance around 1.1050 area. With no major data releases on Monday we can expect a bit steadier session. Pair is likely to find some amount of support around 1.0950 and 1.09 level in extension, Friday's low, while area around 1.1050 level which was previously supportive should offer some amount of resistance.
Read more...- Friday, 04 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 07 March
On Friday, Retail PMI figures were released from Eurozone. Latest Eurozone Retail PMI data showed an almost unchanged level of sales in February compared to the month before, thereby ending a period of falling sales seen from November to January. By country, a rebound in sales in Germany was offset by further decreases in both France and Italy. At 50.1, the headline Markit Eurozone Retail PMI was at its highest level for four months in February, though consistent with only a negligible increase in sales. Retailers reported sales being lower in February than during the same month one year ago, which contrasted with year-on-year sales growth in January.
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