Analysts at Rabobank suggest that against the backdrop of rising uncertainty over the economic growth momentum in several important parts of the Eurozone, market participants may well have some extra attention for the European Commission’s economic projections today. Key Quotes “Over the last three years the maximum difference between the ECB’s and EC’s projections for headline inflation and real GDP for the Eurozone has been no more than 0.3%-points. The average deviation was only 0.1%-point! This is not such a surprise perhaps as these institutions often use the same (type) of DSGE models to come to their forecasts.” “In other words, the EC’s projections today are likely to give some clues as to the direction in which the ECB’s December round projections may be heading, even though the September projections by the ECB for Eurozone GDP were already 0.1pp and 0.2pp lower than those of the EC’s Summer forecast. The ECB’s inflation projection is currently exactly equal to those of the EC.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Trade Minister Liam Fox: UK must be able to end backstop – BBC FX Street 4 years Analysts at Rabobank suggest that against the backdrop of rising uncertainty over the economic growth momentum in several important parts of the Eurozone, market participants may well have some extra attention for the European Commission's economic projections today. Key Quotes "Over the last three years the maximum difference between the ECB's and EC's projections for headline inflation and real GDP for the Eurozone has been no more than 0.3%-points. The average deviation was only 0.1%-point! This is not such a surprise perhaps as these institutions often use the same (type) of DSGE models to come to their forecasts." "In other… Top 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.
