Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

FOREX EUR USD: Expected Consolidation Till American Session. 28.10.2015

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Yesterday’s Trading:
On Tuesday the DXY index closed up slightly, despite the weak US stats. Durable goods orders, the consumer confidence index and the service sector PMI for the country were all worse than expected. The FOMC meeting which began yesterday is holding the dollar from falling. The Federal Reserve’s interest rate decision will be made public this evening at 20:00 EET.

FOREX EUR USD: Bull Takeover on Daily. 16.10.2015

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Yesterday’s Trading:
The euro/dollar’s 5-day growth has ground to a halt. Trading in Europe saw the euro down due to the ECB’s Ewald Nowotny sticking his oar in and then the US stats came out in the evening which added to the fall. Nowotny suggested that the ECB should adopt additional measures to aid inflation growth. The US’ CPI for September was down slightly on August, but it remained unchanged when expressed annually. The labor market data turned out better than expected.

FOREX EUR USD: Left the Range on Weekly – New Target: 1.1620. 15.10.2015

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Yesterday’s Trading:
On Wednesday the USD was down against the key pairs after weak retail sales data and manufacturing inflation figures for the US came out. The data was worse than expected. Previous retail sales figures were reassessed downwards. The key index for industrial prices fell to a minimum since January and the PPI was negative. The data has signalled a slowing of US economic growth and has lessened the likelihood of an interest rate hike in the near future.

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