The euro is being gradually sold
09.04.2015
The main currency pair slowly "sags" for the fourth day in a row, returning to the levels of the beginning of the month.
On the Forex market everything is gradually returning to their former positions. The EUR/USD is gradually reducing, the weak US statistics are already priced in and investors are beginning to re-evaluate the published European statistical data.
As shown by statistics, the volume of industrial orders in Germany in February fell by 0.9% against the forecast of growth by 1.5%. In January of this year, the indicator dipped by 2.6% (revised value), which does not particularly change the overall canvas. At the same time it was reported that retail sales in the euro zone in February fell by 0.2% m/m, after rising in January by 0.9%.
Today's published statistical data is relatively smooth. Industrial production in Germany in February strengthened by 0.2% m/m after expecting growth of 0.1% m/m.
On Thursday, there will be little statistics, and the most interesting reports are scheduled for next week. Overall, the EUR/USD pair is able to descend into the area of 1.0720-1.0750 where is should stabilize in anticipation of new indicators.
RoboForex Analytical Department
On the Forex market everything is gradually returning to their former positions. The EUR/USD is gradually reducing, the weak US statistics are already priced in and investors are beginning to re-evaluate the published European statistical data.
As shown by statistics, the volume of industrial orders in Germany in February fell by 0.9% against the forecast of growth by 1.5%. In January of this year, the indicator dipped by 2.6% (revised value), which does not particularly change the overall canvas. At the same time it was reported that retail sales in the euro zone in February fell by 0.2% m/m, after rising in January by 0.9%.
Today's published statistical data is relatively smooth. Industrial production in Germany in February strengthened by 0.2% m/m after expecting growth of 0.1% m/m.
On Thursday, there will be little statistics, and the most interesting reports are scheduled for next week. Overall, the EUR/USD pair is able to descend into the area of 1.0720-1.0750 where is should stabilize in anticipation of new indicators.
RoboForex Analytical Department
Attention!
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.