For Traders

Analytical Reviews

09.09.201510:15 Forex Analysis & Reviews: Global macro overview for 09/09/2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 09/09/2015:

The revised seasonally adjusted EU GDP for the second quarter was overall better than expectations. The number was at the level of 0.4% q/q (1.5% y/y) vs. 0.3% q/q (1.2% y/y). The household consumption came out at the level of 0.4% q/q in line with experts' expectations, but lower than last quarter number of 0.5%. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the EU. The release reveals a decline in EU GDP and weaker growth outlook for the next quarters to come.

The EUR/USD pair was not heavely influenced by this news. The second quarter numbers were better than expected, but not better enough to make the market move impulsively in one direction. On the H4 chart, the current resistance is seen at the level of 1.1228 and support is found at the level of 1.1086.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.