Trading news

Expert's opinion from FXFinPro

Trade data in Germany have improved

The data on the trade balance of Germany pleased investors. Thus, the surplus in March was 23.6 billion euros vs. expected 20.4 billion. The previous value was 20.0 billion dollars. Exports to the country grew by 1.9% while imports fell by 2.3%. It should be noted that the surplus was the highest since 1990. This factor supported the euro, but the strengthening of the US dollar may lead to a continuation of the negative dynamics of the euro. We maintain our medium-term negative outlook for the euro with targets at 1.0700 and 1.0850, but do not rule out resumption of price growth to 1.1500 and 1.1620 in the near future.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Tuesday, 10 May, 2016 / 1:13

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Will the ECB disturb the waters?

· ECB unlikely to rock euro – resilient economy vs higher yields [...]

Posted on Thursday, 22 Apr, 2021 / 9:50 under

VERIZON SHARES SLIDE EVEN AFTER UPBEAT PROFIT

Verizon reported a strong start to the year, with a solid operational [...]

Posted on Thursday, 22 Apr, 2021 / 8:06 under

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under