Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Euro is able to stay “in the black”. Overview for 17.11.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

The Euro is able to stay “in the black”. Overview for 17.11.2016

The main currency pair is trading unsteadily, but is still “in the black” despite some strong American statistics.

On Thursday evening, the EUR/USD pair is growing, although just a bit. The current quote for the instrument is 1.0708.

This evening, the USA published a lot of statistics. So, the Housing Starts in October was 1.323 million against expectations of 1.156 million. It might indicates that the demand for new houses is strengthening until the mortgage rate is not increased.

The Initial Jobless Claims was 235K against expectations of 257K, which is also rather positive.

The Inflation Rate in October, seasonally adjusted, added 0.4% m/m, just as expected. The Core Inflation Rate increased by 0.1% m/m against expectations of 0.2% m/m. Despite such obvious difference between the two indicators, one can see that the CPI is getting back to life. The Fed is sure to take it into account when changing its monetary policy.

The Philadelphia Fed Manufacturing Index in November increased by 7.6 points against the expected reading of 8 points. Perhaps, this is the only report that fell behind market expectations this evening.

Right now, all eyes if the market are focused on Janet Yellen’s report to the Congress on Thursday. She is very unlikely to say something sensational right now. The December meeting suits this purpose much better, because it’s the perfect time for announcements and bitter comments. Today, however, Yellen might state the facts of economic stabilization.
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


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.