Wednesday, 28 December 2011

EUR’s Trends to be Set by German ZEW Economic Sentiment 2012

The EUR’s trends for the upcoming day are likely to be set by the outcome of the German ZEW Economic Sentiment publication at 10:00 GMT. The forecast is 58.9, versus the 56.9 previous result. A result matching the forecast, or even better is likely to boost the EUR. Therefore, we could see the EUR/USD cross surpass the 1.5050 level. However, a result worse than this could lead to a very bearish EUR indeed. Traders, it is highly recommended that you open your positions in the EUR’s main crosses as soon as possible.

source: forexyard.com

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • U.S Unemployment Claims to Impact the dollar 2012
    - It’s the primary gauge of consumer spending, which accounts for a majority of overall economic activity. - British retail sales have stay...
  • Impending Bearishness for GBP/USD 2012
    The GBP/USD cross has experienced a bullish trend for the past day. However, it seems that this trend may be coming to an end, as described...
  • V 2012
    1. Valuation The process of determining the value of an asset or company. 2. Value Date The settlement date for a currency contrac...
  • S 2012
    1. S/N Roll See Spot/Next Roll. 2. Same Day Transaction A position that is opened and closed on the same day. 3. Sell Limit Or...
  • Concerns over Local Currencies’ Strength Boost Dollar 2012
    Indications from around the globe of a more restrictive official stance toward capital flows and currency volatility have been contributin...
  • Scandinavian Economies Leading Europe out of Recession?
    Following last week’s employment data from the United States it appears as if the US Dollar has entered a free-fall and many other global ...
  • N 2012
    1. OCO See also: One Cancels the Other Order 2. Odd Lot A non-standard transaction size. In forex, a standard lot is usually 100,0...
  • Dollar Stabilizes before GDP data 2012
    The U.S dollar rose Tuesday as a decline in stocks and dimming expectations about the U.S. economic recovery increased demand for U.S curr...
  • Q 2012
    1. Quantitative Analysis A technique used to analyze an observed behavior by employing complex mathematical and statistical modeling, me...
  • R 2012
    1. Rainbow Option An option that has two or more underlying assets. The option only pays out when all the underlying assets act accordin...