samedi 7 février 2015

EUR/USD Forecast Feb. 9-13

EUR/USD had an exciting week in which it staged a nice recovery, but eventually lost most of its gains. GDP figures stand out in this week's trading and Greece will not be too far from the headlines. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.



Greece refused to move away from the headlines. Greece's finance minister is touring European capitals. While smiles are seen on the outside, the decision of the ECB to stop accepting Greek bonds as collateral hurt the country and the euro: some say the chances of a Grexit are higher than in 2012. European figures were OK with improving PMIs. In the US, a streak of bad figures triggered a temporary yet sharp USD sell off. Factory orders were the straw that broke the camel's back and. However, things changed with a grand finale: a superb NFP report showed 257K jobs gained, upwards revisions and big bounce in wages.




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EUR/USD Forecast Feb. 9-13

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