The euro is kept in the range

November 21, 2014

The main currency pair is trading within the rigid frames of the range and does not respond to the statistics today.

The euro/dollar remains within the usual "outset", and today it will hardly go beyond the durable channel. Daily statistics have passed as if unnoticed by the investors – either there was no strength to respond, or the market participants are hoarding power before next week.

Today it became known that the growth of business activity in the private sector of the euro zone slowed in November to a minimum of 16 months. According to calculations by Markit Economics, the consolidated activity index fell to 51.4 points from 52.1 points in October. The median forecast, meanwhile, was 52.3 points. In the components of the report the preliminary index of purchasing managers in the services sector can be traced - the indicator is informative enough by itself. The index fell to 50.4 points from the previous 50.6 points. The reduction in PMI data signalled that the business is trying to implement any attempt to increase, but it doesn’t turn out in the best way.

According to the expectations from Markit, the euro zone GDP will add 0.1-0.2% in the fourth quarter. Perhaps that is why investors in the euro/dollar pair are strenuously pretending not to notice the statistics.
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

Fort Financial Services Rating
Vantage FX Rating
FXTM Rating
HYCM Rating
XM Rating
FIBO Group Rating

Beeoptions Rating
Empire Option Rating
Anyoption Rating
OptionRally Rating
OptionsXO Rating
Porter Finance Rating