EUR/USD Forecast August 18-22 EUR/USD saw a new slide once again. but did not really make a substantial move. The focus is on the PMIs and on Mario Draghi speech in Jackson Hole. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. The Eurozone releases showed a stall in the euro area recovery with poor economic climate and sluggish growth in the second quarter. Germany’s ZEW economic sentiment plunged to 8.6 points from 27.1 in July, well below market forecast of 18.2 points, and the Current condition index fell to 44.3, indicating geopolitical tensions halt expansion in Germany. Furthermore, the Eurozone economies fail to generate real growth. Germany, the leading force in the euro area contracted 0.2% in the second quarter, according to preliminary GDP estimates, the first contraction in the German economy since Q4 of 2012. Likewise France economy remained flat form the first quarter. Will this trend continue? read more : forex-tsd/general-discussion/92300-eur-usd-news-143.html#post697631
Posted on: Sun, 17 Aug 2014 09:10:58 +0000
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