{"id":48003,"date":"2014-03-02T18:40:43","date_gmt":"2014-03-02T23:40:43","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48003"},"modified":"2014-03-02T18:40:43","modified_gmt":"2014-03-02T23:40:43","slug":"eurusd-forecast-march-3-7","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/02\/eurusd-forecast-march-3-7\/","title":{"rendered":"EUR\/USD Forecast March 3-7"},"content":{"rendered":"

Article by Investazor.com<\/u><\/a><\/p>\n

Euro managed to close the 4th<\/sup> week on positive ground. Even though last week didn\u2019t start very good because of the low German economic data things have changed in the second half. The 0.8% inflation has risen investor\u2019s optimism and that was seen also on the EURUSD chart. The Euro has passed again above 1.38 key level. Even though it didn\u2019t close the day and week above this level it still a big step for the European single currency.<\/p>\n

Next week\u2019s economic calendar is full with important releases and events. Continue reading our article to see what the most expected indicators are and what technical analysis suggests.<\/p>\n

Economic Calendar<\/h3>\n

Monday:<\/i><\/p>\n

Spanish Manufacturing PMI (08:15 GMT) \u2013 This economic indicator for the Spanish Manufacturing sector has surprised the market with the first two releases of this year, above expectations. In February it was published 52.2 and it is expected for Monday to be even higher at 53.2.<\/p>\n

<\/span><\/p>\n

Italian Manufacturing PMI (08:45 GMT) \u2013 30 minutes after the Spanish PMI it is expected to be released the Italian one. Italy had a very good January release but it didn\u2019t keep the same line for February. Last month the Manufacturing PMI was released 53.1, which was 1.1 points under estimates. This month the expectations are lowered to 53.3.<\/p>\n

ECB President Draghi Speaks (14:00 GMT) \u2013 He is due to testify before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels.<\/p>\n

ISM Manufacturing PMI (15:00 GMT) \u2013 This is one of the top leading indicators from USA. In January its release didn\u2019t brought any surprise. In February it was almost 5 points lower than its estimates. For Monday the expectations are lowered from 56.2 all the way to 52.3. It usually triggers volatility in the market, especially when it comes as a surprise.<\/p>\n

Tuesday:<\/i><\/p>\n

The post EUR\/USD Forecast March 3-7<\/a> appeared first on investazor.com<\/a>.<\/p>\n

\n<\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Article by Investazor.com Euro managed to close the 4th week on positive ground. Even though last week didn\u2019t start very good because of the low German economic data things have changed in the second half. The 0.8% inflation has risen investor\u2019s optimism and that was seen also on the EURUSD chart. The Euro has passed … <\/p>\n

Continue reading “EUR\/USD Forecast March 3-7”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48003","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48003"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48003\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}