For Traders

Analytical Reviews

29.09.201509:39 Forex Analysis & Reviews: Global macro overview for 29/09/2015

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 29/09/2015:

The Consumer Price Index (CPRI) preliminary figures are due to be released today at 12:00 GMT. The number is expected to post a small decline to the level of -0,1% from 0,0% a month ago. Together with Harmonized Index of Consumer Prices, this data will be closely watched as they are the main indicator of inflation and changes in purchase trends. This figures are seriously treated by the ECB as the CPI has been gradually increasing from its low reached in February 2015.

The EUR/USD keeps trading inside the congestion zone between the resistance at the level of 1.1298 and support at the level of 1.1086. Only a clear breakout above the level of 1.1297 would seriously challenge the next resistance at the level of 1.1373.

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.