Forex.ee Analytics
Forex.ee Representative
- Messages
- 562
Daily economic digest from Forex.ee
Stay informed of the key economic events
Tuesday, August 15th
The EUR/USD pair accelerated its downside traction this morning after Germany released weaker-than-expected preliminary GDP data, however, meeting resistance near the level of 1.1700. Moreover, it is expected that the major currency pair will keep navigating to the south on Tuesday, as the US dollar extends its recovery after recent drop, backed by weak US inflation data. Meanwhile, seems that the dust around geopolitical tensions between the US and North Korea settled down after recent headlines, saying that North Korea decided not to launch ballistic missiles on Guam, leaving the euro without any support on Tuesday. On the data front, besides German fundamental reports nothing else is left in the EU economic docket, so global market trend will continue to navigate throughout the European trading session, while the US economy will release retail sales data, which will be able to determine next short-term trajectory for the pair during New York trades.
Click here to see all current market developments.
The best conditions for making a start on STP only at Forex.ee! Register an account now and feel the difference from the first trade!
Your European ECN-broker,
Forex.ee