WEEKLY REVIEW: The euro - the worst week ahead?
27.11.2015, 17:28

WEEKLY REVIEW: The euro - the worst week ahead?

Two speculations remained in focus this week: speculation that the Fed will start raising its interest rate in December and speculation that the European Central Bank (ECB) will add further stimulus measures next month.

The U.S. initial jobless data showed on Wednesday that the U.S. labour market continued to improve. The U.S. consumer spending rose in October.

This data added to speculation that the Fed will start raising its interest rate in December.

The ECB monetary policy meeting is scheduled to be on December 03. It is likely that the ECB will add further stimulus measures.

The U.S. labour market data is scheduled to be released on December 04. The better-than-expected U.S. data will also put the euro under pressure.

It is likely that the currency pair EURUSD will rise toward the resistance level at $1.0700 or at $1.0763, if the U.S. economic data will negative and the ECB will not add further stimulus measures.

If the U.S. economic data is positive and in case of the ECB adds further stimulus measures, the currency pair EURUSD may test the low of April 14 at 1.0531 or the low of March 13 at $1.0461.

  • Name: Konstantin Meinhardt
Symbol Bid Ask Time

© 2000-2023. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Japan and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location