The euro remains at a two-year low
23.12.2014
On Tuesday the euro/dollar is marking time, a day after it tested a two-year low. The aggressive and confident monetary policy of the Federal Reserve System and a serious spread between the key interest rates, which will only expand, is pressing on the euro. Actually, this is a global trend that is greater or less tracked in the coming year.
Today in the afternoon, a big block of statistics on the US economy will come out - perhaps the final significant one this year. Among other reports final GDP data for the third quarter will see the light and a major revision in numbers for an increase is expected. If so, the statistics in the late afternoon will support the US dollar and the euro will be forced down even lower.
Attention should be paid to the data and the level of orders for durable goods in the past month. It is also interesting to trace the dynamics of indicators on the spending and the income of Americans.
All the attention is on the statistics. Perhaps the movement will be more active than usual, as from Wednesday, the Catholic world is away, celebrating Christmas.
RoboForex Analytical Department
Today in the afternoon, a big block of statistics on the US economy will come out - perhaps the final significant one this year. Among other reports final GDP data for the third quarter will see the light and a major revision in numbers for an increase is expected. If so, the statistics in the late afternoon will support the US dollar and the euro will be forced down even lower.
Attention should be paid to the data and the level of orders for durable goods in the past month. It is also interesting to trace the dynamics of indicators on the spending and the income of Americans.
All the attention is on the statistics. Perhaps the movement will be more active than usual, as from Wednesday, the Catholic world is away, celebrating Christmas.
RoboForex Analytical Department
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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.