The euro/dollar "tramples" on the spot

12.09.2014
The end of the week may get quiet for the main currency pair if the macroeconomic calendar does not bring important news.

The EUR/USD at the end of the week remains under pressure. The five days for the main pair were held in a narrow trading range, which was helped by a minimum of external news.

Today the macroeconomic calendar promises to be intense. The United States will present a block of statistics in the afternoon, of which data on retail sales in August will be provided. The averaged forecast assumes that the index will rise by 0.3% after a weak July report.

The market will rely on a speedy increase in interest rates by the Federal Reserve System of the USA, if today’s flow of statistical data will be stable.

Otherwise, everything remains in place. The head of the European Central Bank Mario Draghi noted earlier that the Governments of the E-18 should work toward attracting investment to the region to be able to provide state guarantees for loans to small businesses. Draghi stressed that the measures will have the desired effect and will have an impact on the performance on the balance sheet. The ECB once again said that it will take additional stimulus measures if necessary.

In the meantime, the euro/dollar remains trading near the 1.2920 mark in the case of positive data from the United States the pair will get a chance to go to 1.2875.
 
RoboForex Analytical Department

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