dimanche 8 mars 2015
EUR/USD Forecast Mar. 9-13
Posted on 03:06 by nice news
EUR/USD was hit hard in the first week of March diving deep below 1.10. The strong US data and a determined Draghi took a heavy toll. What’s next? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
Draghi revealed details about QE, which starts on March 9th. And while the ECB raised some forecasts, the president made clear that these depend on QE implementation. He also left the door open to extending the program beyond September 2016. Euro-zone data came out generally better than expected: inflation fell by only 0.3%, German retail sales beat and Spanish employment is improving. In the US, data was upbeat as well: the US gained 295K jobs in February, beating expectations. A disappointment came from wages, which are stuck once again. Nevertheless, the dollar just continued advancing against the euro, breaching some interesting historical lines. What’s next?
Draghi revealed details about QE, which starts on March 9th. And while the ECB raised some forecasts, the president made clear that these depend on QE implementation. He also left the door open to extending the program beyond September 2016. Euro-zone data came out generally better than expected: inflation fell by only 0.3%, German retail sales beat and Spanish employment is improving. In the US, data was upbeat as well: the US gained 295K jobs in February, beating expectations. A disappointment came from wages, which are stuck once again. Nevertheless, the dollar just continued advancing against the euro, breaching some interesting historical lines. What’s next?
EUR/USD Forecast Mar. 9-13
Categories: EUR/USD Forecast Mar. 9-13
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