Global macro overview for 14/08/2015:
Not really impressive data from the core EU countries regarding the GDP has been released today. France's preliminary GDP was lower than the forecast (0.0% q/q; 1.0% y/y vs. 0.2% q/q; 1.1% y/y expected, 0.7% q/q; 0.9% prior) and the German GDP was disappointing as well (0.4% q/q; 1.6% y/y vs. 0.5% q/q; 1.6% y/y expected, 0.3% q/q; 1.1% y/y prior). The same worse-than-expected data was published by the Italian economy ( 0.2% q/q; 0.5% y/y vs. 0.3% q/q; 0.5% y/y expected, 0.3% q/q; 0.1% y/y prior). Another GDP report is scheduled for release later today at 09:00 GMT and this time it is a total print for all the EU countries. Nevertheless, it does not seem that this number will beat any expectations whatsoever.
After the data from the EU is releases, EUR/USD might continue trading in the short-term range and as long as the golden trendline is not broken, this pair can still challenge the 1.1215 resistance level.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 14/08/2015 . Thanks for your support.
No comments:
Post a Comment