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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Euro is still sliding. Overview on March 2, 2016
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Euro is still sliding. Overview on March 2, 2016

The basic currency pair is still sliding on Wednesday day, European statistic is ambiguous.

On Wednesday, the Euro-Dollar pair is still sliding. The current quotation in the tool - 1,0861. US Dollar gets more confident.

According to the provided data today, in January producers’ price within the Euro zone has reduced on 1,0% mm. The YoY index has fallen by 2.9%. For the EU producer, the price index fell by the same percentage at the beginning of the year. The same reduction on 2.9% is fixed in YoY index. Energy is main sector that pull the price down, that is not surprising. The negative tendency in the sector of intermediate goods is drown the attention. But the price of nondurable goods has not changed, ant the price of goods of long-term use has even grown.

The calm state of the European economy becoming normal for that region again: in the fall, the system looked more “optimistic”, but now the quite neutral horizon is being overcasting with clouds of doubt.

From the point of view of the executive member of ECB Mr. Coeuré, a soft monetary policy is so needed now for Euro zone. He called as "obligation", and actually that it: ECB must pull the inflation up to keep "health" of Europe bank system and finance at whole.

By the way, Mr. Coeuré reminded the recent past, when a long period of weak macro-economic reports facilitated the fall of the value of the shares of European banks. The bank sector is very "sensitive" to the perspectives and expectations, and the weaker they become, the greater risk is laid on the price of liquid assets.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.