The euro-zone grew at a quarterly rate of 0.4%, lower than 0.5% originally reported. Year over year, growth was downgraded to 1.7% from 1.8% initially announced. Other figures have been disappointing as well: industrial output dropped by 1.6%. The German ZEW economic sentiment slid all the way to 10.4 points and the current conditions components fell to 76.4 points. Other figures have been disappointing as well: industrial output dropped by 1.6%. The German ZEW economic sentiment slid all the way to 10.4 points and the current conditions components fell to 76.4 points. EUR/USD is sliding towards 1.0610, but not going very far. The euro-zone was expected to confirm the 0.5% growth rate initially reported. However, since those forecasts were made, the German growth rate disappointed and also Italy fell behind. In addition to the GDP data, the euro area also releases industrial output data, which carried expectations for a drop of 1.5% m/m and a rise of 1.7% y/y. The German ZEW Economic Sentiment was predicted to slip from 16.6 to 15 points. EUR/USD traded around 1.0620 ahead of the multiple announcements. Support awaits at 1.0580 and resistance is at 1.0650. In the US, the turmoil around Michael Flynn has hurt the US dollar, but the bigger event of the day is the testimony by Fed Chair Janet Yellen. More: EUR/USD: Here Is Why It Will Fall N-Term Before Rallying M-Term – Danske 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 GBP/USD: Trading the UK Claimant Count Change Kenny Fisher 5 years The euro-zone grew at a quarterly rate of 0.4%, lower than 0.5% originally reported. Year over year, growth was downgraded to 1.7% from 1.8% initially announced. Other figures have been disappointing as well: industrial output dropped by 1.6%. The German ZEW economic sentiment slid all the way to 10.4 points and the current conditions components fell to 76.4 points. Other figures have been disappointing as well: industrial output dropped by 1.6%. The German ZEW economic sentiment slid all the way to 10.4 points and the current conditions components fell to 76.4 points. EUR/USD is sliding towards 1.0610, but not going… 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.
