The euro/dollar is trading inactively
21.07.2014
Monday will be a day of calm and quiet for the euro/dollar. No significant macroeconomic statistics publications are planned for the beginning of the week, the evening also promises to be quiet, and the released current report on Germany was not paid any attention at all.
The morning statistical data showed that the index of producer prices in Germany in June remained at zero instead of the growth forecast of 0.1%. In a yearly assessment everything stayed in the same place with a fall of 0.7%.
The third week of the month is traditionally not overloaded with statistics, but, nevertheless, on Tuesday you should pay attention to data on the June consumer price index in the U.S. – the forecast assumes that the index eased to 0.3% from 0.4%.
Overall, everything is quiet and calm for the euro/dollar, the medium trade channel is with a downward trend, the sales target is located at 1.3475. But it will clearly not be today.
RoboForex Analytical Department
The morning statistical data showed that the index of producer prices in Germany in June remained at zero instead of the growth forecast of 0.1%. In a yearly assessment everything stayed in the same place with a fall of 0.7%.
The third week of the month is traditionally not overloaded with statistics, but, nevertheless, on Tuesday you should pay attention to data on the June consumer price index in the U.S. – the forecast assumes that the index eased to 0.3% from 0.4%.
Overall, everything is quiet and calm for the euro/dollar, the medium trade channel is with a downward trend, the sales target is located at 1.3475. But it will clearly not be today.
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.