Results of the last trading day EUR / USD:
On Wednesday, 4 July, the euro trading ended slightly up. The US had a day off, so the investors' activity in the market was at a low level. In the morning, the euro dropped to 1.1631. In the American session the price returned to the level of 1.1675.
The reason for the growth of EUR / USD quotes at the small market could be the news from Bloomberg. It said that some members of the ECB Governing Council of the Bank believe that the increase in rates at the end of 2019 will be too late. Euro has risen in price by 35 points than the wave structure has changed, the expected of me. We read below and see what we can expect on Thursday.
Planned statistics (GMT +3):
At 09:00 Germany will declare a change of production orders for May.
At 10:15 Switzerland will publish the consumer price index for June.
At 13:00 is scheduled speech of the Bank of England's Carney. Speech Carney almost always has an impact on the dynamics of the fraternal pounds.
At 15:15 the US will publish data on the change in the number of employees from ADP in June. The effect of ADP for 2-15 minutes depending on the deviation of the actual value of the forecast. At the same time, a speech by the representative of the European Central Bank Yves Mersch.
At 15:30 the US will declare changes in the number of initial applications for unemployment benefits. At 15:45 released the PMI index for the services sector in June, while in 17:00 - ISM index for the non-production sphere in June.
At 18:00 US Department of Energy will report on oil reserves according to the Ministry of Energy.
At 21:00 will be released US Federal Reserve meeting minutes. If the text to change it, it will have a strong impact on the market.
The current situation is EUR / USD:
Expectations are justified to yesterday. Price EUR / USD dropped below the estimated level. Today, according to the forecast EUR / USD fall was to continue to 1.1600 (the forecast was canceled). News from Bloomberg changed market sentiment.
It is also unclear on what the euro has appreciated all over the market in the last hour. Dollar shows mixed major currencies. Euro crosses all moved into positive territory.
nothing came from the statistics, then either there were some statements of representatives of the ECB or published another article about the increase in rates or QE folding, citing a source at the ECB.
Buyers EUR / USD broke through 1.1676 resistance. Now they will try to go to 1.1720. Intermediate level resistance perform 1.1690.
Euro is at 1.1686. In the current situation, EUR / USD can not see pricing model to weaken it. Indicators also point to further growth of the pair. Crosses will drag a couple of euro / dollar up until you reach London. Someone continues to present growth of EUR / USD to link up with the news from Bloomberg.
Euro Dollar EUR / USD forecast today Vladislav Antonov Alpari