Released earlier preliminary data on the Euro zone GDP for the fourth quarter completely in line with expectations, an increase of 0.2% q / q, and 1.2% g / g. A US macro statistics out frankly weak. Particularly "pleased" retail sales for December, which decreased to 1.2% m / m instead of the expected growth by 0.2%. The same indicator excluding car sales fell by 1.8% m / m instead of the expected growth of 0.1%. The number of primary and repeated applications for unemployment benefits for the week was above expectations.
EURUSD The pair after updating local minima to the level of 1.1250 was transferred to the growth, which is fueled by a weak US macroeconomic statistics for the day. In the afternoon it reached 1.1310, though it finished the day slightly lower, near the 1.1300. Friday morning the pair dropped slightly to 1.1290. At the same time, the EURUSD continues moving inside the descending channel. The immediate aim of reducing the - yesterday's lows near 1.1250, more strategic objective - support at 1.1215. Cancellation of the script will output EURUSD pair of descending channel top, and the confirmation of the beginning of growth EURUSD - penetration resistance at around 1.1341.
Today, are expected to address the ECB representative and a representative of Kera Benoit Fed Raphael Bostic. In the United States, there are data on industrial production in January, the expected growth rate of 0.1% m / m. Preliminary data on the index of consumer confidence University of Michigan for February is expected to be 93.0 points.
The euro dollar EURUSD forecast for today Alpari