The final data on Europe’s GDP for the first quarter are likely to coincide with the preliminary estimates showing that economic growth rates have slowed from 2.8% to 2.5%. Given that this has long been taken into account by the market, there will be no special effect. But the data on applications for unemployment benefits in the US may have a negative impact on the dollar, as their number may increase by 12 thousand. Ideally, the dollar may be supported by data on lending, which should amount to $ 13.8 billion against 11, 6 billion dollars in the previous period. However, these data come out quite late, so that slightly change the picture of the day.
The euro / dollar currency pair continued to form a corrective movement after a temporary stagnation in the range of 1.1650 / 1.1720. Now, the quotation is already approaching the first value of 1.1820, which reflects the congestion from low importance levels. It is possible to assume a temporary stop within the value of 1.1820, wherein the case of fixation above we will go to the area of the value of Fibo 38.2.
The material has been provided by InstaForex Company – www.instaforex.com
The final data on Europe’s GDP for the first quarter are likely to coincide with the preliminary estimates showing that economic growth rates have slowed from 2.8% to 2.5%. Given that this has long been taken into account by the market, there will be no special effect. But the data on applications for unemployment benefits in the US may have a negative impact on the dollar, as their number may increase by 12 thousand. Ideally, the dollar may be supported by data on lending, which should amount to $ 13.8 billion against 11, 6 billion dollars in the previous period. However, these data come out quite late, so that slightly change the picture of the day.
The euro / dollar currency pair continued to form a corrective movement after a temporary stagnation in the range of 1.1650 / 1.1720. Now, the quotation is already approaching the first value of 1.1820, which reflects the congestion from low importance levels. It is possible to assume a temporary stop within the value of 1.1820, wherein the case of fixation above we will go to the area of the value of Fibo 38.2.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: