Forex Trading Signals.
Forex trading signals and euro. The price of euro cannot choose the direction and continues to consolidate within the side channel. The growth of price volatility yesterday was caused by negative data on the labor market in the U.S., where the number of initial unemployment claims rose to 329 thousand, against the forecast of 309 thousand. Furthermore, the ECB president stated yesterday that the regulator may continue to cut rates, as well as increase the level of liquidity to deal with the decline of inflation in the region, which threatens economic growth in the Eurozone.
During the next week, traders will waiting forex traiding signals and watch closely the data on unemployment and consumer price inflation in the euro area. In addition, the course of trading may be influenced by change of the situation in the eastern regions of Ukraine.
We maintain a long-term negative outlook for the euro due to possible further easing of monetary policy of the ECB and the reduction of quantitative easing in the U.S.
Wish you the profits!
FXFINPRO Capital Analytical department.