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EUR Heads Higher After Euro-Zone GDP Data Show More Solid Growth

EUR Heads Higher After Euro-Zone GDP Data Show More Solid Growth

Martin Essex, MSTA, Analyst

Talking Points:

- The Euro-Zone continues to record robust economic growth but sentiment indicators released Tuesday were disappointing.

- In this webinar DailyFX Analyst and Editor Martin Essex looked at the numbers before and after their release, as well as the market reaction.

Learn how to trade like an expert by reading our guide to the Traits of Successful Traders

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Euro-Zone GDP data released Tuesday showed another quarter of strong growth. Sentiment indicators released at the same time were disappointing but still pointed to economic growth in the region remaining robust.

In response, EURUSD and EURJPY firmed although EURGBP was modestly weaker. Currently, the markets seem to be taking a breather but the dominant trend still seems to be a weak US Dollar alongside relative strength in both the Euro and the British Pound.

Although off their highs, stock markets continue to look firm although government bond yields have started to climb.

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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