Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

The euro rose in the first half of the day against the US dollar against the backdrop of good fundamental statistics on the German economy.

According to the report, Germany's economy for the third quarter grew, receiving support from the growth in demand in foreign markets as well as through increased investment of companies. Thus, the gross domestic product in the third quarter of this year increased by 3.3% compared with the same period last year after rising by 2.6% in the second quarter. Economists had expected 2.4% growth in the third quarter.

The sentiment in the German economy improved in November, which also positively affected the euro. According to the report of the ZEW research center, the index of economic expectations in Germany for the month of November this year rose to 18.7 points against 17.6 points in October. Economists had expected the index to reach 20.1 points.

According to the Eurostat, the eurozone's GDP in the third quarter of this year continued to grow. Thus, according to preliminary estimates, in comparison with the second quarter of this year, GDP growth was 0.6%. Compared to the same period in 2016, the economy grew by 2.5%. All these data fully coincided with the forecasts of experts.

Exchange Rates 15.11.2017 analysis

The main driver of growth was Germany. In Italy, the growth rate of the economy fully coincided with the forecasts of economists.

From today's speech, the head of the European Central Bank Mario Draghi indicated that he intends to adhere to a soft monetary policy for quite a long time. As Draghi said, the ECB's benchmarking experience regarding the future policy has been successful and there is no point in abandoning the successful instrument in influencing the economy.

Today, there waes also an address by the representative of the Federal Reserve Bank Evans. He said that it is time for the US Central Bank to form a new monetary policy. The Fed needs to withstand a test of trust due to the fact that the target level of inflation has not been achieved. As for the prospect of changing interest rates, Evans did not comment on it.

Today, Fed Chairman Janet Yellen will speak in the afternoon. Perhaps she will be able to give a clearer guidance on the rate increase which is scheduled for the end of this year. If this happens, the demand for the US dollar may increase.

As for the technical picture, the breakthrough of the upper boundary of the side channel and the rapid growth at the stop orders in the area of resistance at 1.1730 occurred. At the moment, the main task is to keep this area. In case of a correction down, bulls will try to close the daily trade above 1.1685. This will retain short-term upward potential for the euro in the future.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Eder Anderson,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

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.