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 remains in the range. Overview for 27.07.2016
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 remains in the range. Overview for 27.07.2016

The main currency pair is growing a little bit inside a narrow trading range in anticipation of the results of the FOMC meeting.

Well, it’s the zero hour – the first meeting of the USA FOMC after the brexit. The Bank of England and the ECB preferred just to state that risks existed and watch the course of events, but the FOMC never commented on the United Kingdom situation. The current quote for the EUR/USD pair is 1.0997.

Yesterday’s statistics showed that the number of orders for durable goods in the USA in June decreased significantly, by 4% m/m, against the predicted number of 1.1%. At the same time, the May statistics was revised from 2.3% m/m to -2.8% /m. The main pressure is coming from transport demand decline, in all fields – from civil aviation to personal vehicles. At the same time, the number of orders for durable goods in the non-military sector in June increased by 0.2%. No one cut down financing of the Pentagon, but the demand is reducing.

Earlier today, Germany published the report on the consumer confidence index from GfK for this August – the indicator increased up to 10 points against the expected number of 9.9 points. The statistics is good, but it hasn’t been able to support the Eurocurrency single-handedly.

No one is waiting for any specifics from the FOMC meeting. Most likely, Janet Yellen will take a side with her colleagues from the BoE and the ECB – to wait and watch, because the brexit hasn’t take place yet.
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.