{"id":142718,"date":"2019-02-28T09:45:33","date_gmt":"2019-02-28T14:45:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142718"},"modified":"2019-02-28T07:27:03","modified_gmt":"2019-02-28T12:27:03","slug":"the-euro-is-trying-to-start-a-new-growth-overview-for-28-02-2019","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/the-euro-is-trying-to-start-a-new-growth-overview-for-28-02-2019\/","title":{"rendered":"The Euro is trying to start a new growth. Overview for 28.02.2019"},"content":{"rendered":"
February 28, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

\n

EURUSD completed the correction; it is now ready for a new growth.<\/p>\n

The major currency pair is trading upwards on Thursday after finishing the correction the day before. The current quote for the instrument is 1.1382.<\/p>\n

Market players will have a great deal of information to process today, as the economic calendar is full of reports and numbers. In the morning, Germany reported on the Import Prices, which lost 0.2% m\/m in January (worse than expected). The price pressure in Germany is getting more and more complicated and it\u2019s bad for the Euro.<\/p>\n

France published the preliminary GDP report, which showed 0.3% q\/q in the fourth quarter 2018, the same as before. However, the reading was no surprise for the Euro. In addition to that, France reported on the Inflation Rate in February, which didn\u2019t change at all, although it was expected to be +0.4% m\/m. for the Euro, these readings were neutral.<\/p>\n

In the evening, the USA are scheduled to publish the weekly Unemployment Claims report. The indicator has been stable for a long time, that\u2019s\u2019 why it won\u2019t force any serious fluctuations on the currency market.<\/p>\n

Today\u2019s key highlight is the preliminary GDP report in the fourth quarter 2018 to be published by the USA. The country\u2019s economy is believed to lose momentum as the indicator is expected to be only 2.2% q\/q after being 3.4% q\/q the quarter before. However, one shouldn\u2019t make any far-reaching conclusions: the GDP report is usually revised three times and every time the number gets better. So, one should pay attention to the components of the report. In the short-term, the USD may respond, because the weaker the reading the worse for the American currency, but it won\u2019t be critical at all.<\/p>\n

Apart from this, there will be several minor reports from the Euro Area and Spain. Another interesting thing is the speech by FOMC member Richard Clarida.<\/p>\n<\/div>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EURUSD completed the correction; it is now ready for a new growth. The major currency pair is trading upwards on Thursday after finishing the correction the day before. The current quote for the instrument is 1.1382. Market players will have a great deal of information to process today, as the economic calendar […]<\/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-142718","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142718"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142718\/revisions"}],"predecessor-version":[{"id":142720,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142718\/revisions\/142720"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}