News of the day. November 15, 2013

November 15, 2013

Today we anticipate important news from the both sides of Atlantic: October CPI of Eurozone and Industrial Production in USA.

Consumer Prices index measures changes in the price level of a market basket of consumer goods and services and it is the main indicator of the inflation in the country. According to the forecasts the index may drop down to the level of 0.7%. Inflation in Europe has been decreasing almost a year now, so this data may strengthen Euro.

In USA Industrial Production data will be published today. This index measures the output of industrial sector of economy. Experts predict that the indicator will decrease by 0.4% in 4th quarter, which is much comparing to the rise in third quarter. Wholesale inventories are also growing, menacing further reduction of industrial production volumes.

Regarding fundamental data, we expect Euro to strengthen against its opponents and the pair EUR/USD to rise up to 1.3485 and 1.3530.

Dmitriy Zolotov

Analyst of LiteForex Group of Companies

Publication source
LiteForex information  LiteForex reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

Cms Trader Rating
Vantage FX Rating
XM Rating
OctaFX Rating
FXCM Rating
FxPro Rating

OptionTrade Rating
Dragon Options Rating
99Binary Rating
IQ Option Rating
OptionBit Rating
EZTrader Rating