The European Union cuts its 2014 growth forecast to 0.8%, 1.1% in 2015. This follows cuts to German forecasts.Also inflation has been cut down to 0.5% for 2014 and 0.8% in 2015. 2014 is already lost, but with 0.8% in 2015, this is far below the 2% target for the ECB .Can we see more action from the central bank? EUR/USD seems doubtful, still holding on to 1.25. For Germany, GDP is expected to grow by 1,3% in 2014 and 1.1% in 2015. This seems quite optimistic after recent German figures and is higher than the German forecasts. Reminder: German PMIs did NOT forecast Q2 contraction – recession certainly possible To be fair, they do see a stagnation in the German economy in the second half of the year. The European Commission is optimistic for 2016: a growth rate of 1.7% for 2016 and inflation at 1.5%. Regarding France, they see business confidence as remaining weak. EUR/USD is actually ticking higher after this publication, basically ignoring the forecasts. Perhaps it is rising on top of a better than expected Producer Price Index release: +0.2% in September, better than 0% forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD, GBP/USD, USD/JPY TA, Pivot Point, November 4 John Benjamin 8 years The European Union cuts its 2014 growth forecast to 0.8%, 1.1% in 2015. This follows cuts to German forecasts.Also inflation has been cut down to 0.5% for 2014 and 0.8% in 2015. 2014 is already lost, but with 0.8% in 2015, this is far below the 2% target for the ECB .Can we see more action from the central bank? EUR/USD seems doubtful, still holding on to 1.25. For Germany, GDP is expected to grow by 1,3% in 2014 and 1.1% in 2015. This seems quite optimistic after recent German figures and is higher than the German forecasts. Reminder: German… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
