empty
 
 
29.10.2015 11:38 AM
Global macro overview for 29/10/2015

Global macro overview for 29/10/2015:

The US GDP data is due to be released at 12:30pm GMT today being highly anticipated as the most important fundamental event today. After last quarter's strong gains, the market expects data to come out lower (1.6%q/q vs. 3.9% q/q; 2.7% y/y prior), but please remember this is "advance" data ( (seasonally adjusted annual rate), so the impact on the US dollar might be still high.

After yesterday's FOMC meeting minutes, the EUR/USD pair declined to the level of 1.0894, but managed to re-bound. It is currently is trading at the level of 1.0955. The next resistance is seen at the level of 1.0998.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback