- EURUSD continues to press is at 1.0800.
- EurArea and German Q1 GDP figures on Friday, is now the key.
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The Euro-Zone and German Q1 GDP Figures Could Push the EUR/USD, Even Lower
WE, President of the Federal reserve, and Jerome Powell said yesterday that the Federal Reserve should not resort to negative interest rates to help re-start the american economy, the closure of a recent market, talk with IT as a policy tool. The The US dollar picked up a post-comment, forcing the EURUSD back down to around 1.0800.
The Euro has been under pressure this week, with the market s are becoming increasingly worried that a second wave of COVID-19 can be contained. The German R, the rate rose above the 1-at-the-launch-of-the-week, before falling to 0.94-Sunday night, both considerably higher than last Friday, the figure of 0.65. The German Chancellor Angela Merkel have eased lockdown restrictions last week, adding that the first phase of the pandemic is behind us.” If the R-rates of return above 1 for any period of time, then the German Chancellor may be forced to change tack.
On Friday, the economic calendar, and two versions which differ and are likely to determine the long-term future of EUR/usdUSD USD USD USD. The German preliminary Q1 GDP was released at 06:00 am GMT and expected to show strong q/q contraction in the growth of -2.2% quarter-on-quarter is 0%. – for a moment, at 09:00 am GMT, the Euro Area, a figure expected to be even worse, to -3.8%, compared with a previous reading of 0.1%. If these figures fail to respond to these humble expectations, the pressure on the Euro will continue to rise.
EURUSD the pair continues to re-test recent lows and back below all three moving averages once again. A group of old men down to the bottom to 1.0766 of the guard, the 24 April low 1.0727 before March 22, a three-year low, to 1.0636 in sight. If Friday, the publication of the GDP has exceeded expectations, with the EUR/USD may push higher, but if the pair can find the difficulty to break and close above 1.0900.
EUR/USD daily Price Chart (December 2019 May 14, 2020)
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