The European economic statistics supports the euro

May 13, 2015

Buy on a level breakthrough of 1.1280 with 1.1390 target. Stop loss = 1.1230.

Reason for the trading strategy
If in the near future, the ECB increases funding for Greek banks in the framework of the Emergency liquidity assistance program (ELA), demand for the euro will rise. The euro is currently close to the 1.1280 level after the publication of generally favorable economic statistics for Germany and France. GDP in France increased by 0.6% (q/q) in Q1 2015, with a forecast of 0.4% (q/q). A similar figure in Germany was below expectations, reaching +0.3% (q/q). However, in April, inflation in Germany was higher than the expected figure of +0.5% (y/y). At 9.00 GMT, it is worth paying attention to the data on the eurozone's industrial production and GDP.


Publication source
Exness information  Exness reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

Tickmill Rating
Vantage FX Rating
FX Giants Rating
FIBO Group Rating
Larson&Holz IT Ltd Rating
XM Rating

Empire Option Rating
Anyoption Rating
TopOption Rating Rating
Porter Finance Rating
OptionTrade Rating