15.09.201508:04 Forex Analysis & Reviews: Global macro overview for 15/09/2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 15/09/2015:

An interesting set of data from EU and Germany is scheduled for release at 9am GMT today. The ZEW Sentiment is expected to decline to the level of 18.3 from 25 points last month as the general gauge for the Germany's economic situation is getting more and more pessimistic now. Moreover, the center for European Economic Research will release Eurozone ZEW Indicator of Economic Sentiment Assesses, which is expected to decline as well to the level of 42.1 from the level of 47.6 month ago, confirming the negative sentiment bias among German experts.

The technical pictire on the EUR/USD chart is not clear at all. After making a local swing at the level of 1.1086, the market is slowly climbing higher to test the golden trend line from the below and reverse. Current support comes at the level of 1.1228 and resistance is seen at the level of 1.1332.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.