Forecasts & opinions
Analysts and investors are awaiting that the Fed will raise its interest rate this year, perhaps in the second half of the year. But the Fed Chair Janet Yellen said this week that the Fed is no hurry to hike its interest rate. She said that it will depend on the economic data. I suppose that it will also depend on the development of the economy in the Europe and Japan.
Recap: the single currency is in a long-term downtrend versus the greenback since July 2008, where the euro hit its all-time high at USD1.6063. In the last months trading became more volatile. We saw a massive slump in the first days of 2015. The downward resistance line (green) steepened again as the single currency continued to decline versus the greenback. The single currency hit a new 11-year low at USD1.1097 and then entered a phase of stabilization.
|remaining time till the new event being published|
- Eurozone PMI falls in March as manufacturing downturn deepens
- Germany output growth at near six-year low as manufacturing downturn deepens
- Chinese Premier Li stresses implementation of larger-scale tax cuts
- Euro area current account surplus increased in January compared with December.