US Dollar has extended gains against the Euro and the EURUSD pair reached to 3-Month high-level last week. If we look at last week; the European Central Bank kept interest rates unchanged at 0%, as expected. The Euro was under pressure by a dovish tone from Draghi. The ECB's president Mario Dragh...
The US expanded at a 2.3% annual pace in the first three months of 2018, somewhat slower than in the prior three quarters but a better performance than expected.
In the US, the first-quarter GDP will be announced in 20 minutes. It is expected to show the annualized growth rate slowed to 2.0% from 2.9%. A lower than the expected reading would put pressure on the US dollar.
GBPUSD extended decline as UK GDP Growth comes in weaker than expected. GDP for the first quarter unexpectedly eased to 1.2% from 1.4% previously
In the UK, GDP Growth for the first quarter is expected stand at 1.4%, as the same as the previous reading. A better than the previous realization in GDP growth would be considered positive for UK economy which is expected to get hurt by the Brexit process.
German Unemployment Rate will be closely followed today by the market. The market expects the unemployment rate to be to 5.3% in April, the same as a month ago. In the UK, GDP Growth for the first quarter will be published. It is expected stand at 1.4%, as the same as the previous readi...
The ECB Draghi speaks at the press conference. The EURUSD moved higher on Draghi's comment that growth to remain solid, broad-based. Also, he said' Exchange rate volatility lessened, wasn't discussed' In the event that the EURUSD pair rise continues, we will see 1.2232 as a resistance l...
ECB Draghi: We continue to expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of our net asset purchases Bond buying runs until sustained inflation adjustment Underlying inflation remains...
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