Strategy Video: Will German GDP Spark a Break and Heavy Volume for EURUSD
• Should economic activity continue to decelerate, a turn in yields and capital flow is a serious risk
• Following the Italian return to recession and Greek modest improvement, the focus will be on Germany
Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!
The Bank of England Quarterly report triggered an incredible move from GBPUSD this past session. Can Euro-area GDP figures due today do the same for EURUSD and the Euro? Like the UK event risk, this data focuses on the fundamental themes that truly matter to international investors and FX traders. While the ECB's easing efforts have already started to weigh on the market, the growth statistics can alter the course of sovereign bond yields and reverse the bloated capital inflows of foreign investment. Having seeing Italy return to recession and economic forecasts for the 'core' lowered, the concern shifts back to major economies like Germany and France rather 'periphery' members like Spain and Portugal. We discuss this key event risk in today's Strategy Video.
Sign up for John’s email distribution list, here.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.