EURUSD Geometrical and Fundamental Analysis
EURUSD Geometrical and Fundamental Analysis
EURUSD price was down 0.83% on Friday which was at the minima point of Sine Line, the fall is likely to be retracement. i'm looking for a possible bounce from 0.236 level of retracement or possible bounce from the confluence support level at 1.11850. The price could go towards intersection 1 at 1.13536 or intersection 2 at 1.14008. Euro is still looking good fundamentally with interest rates remains zero or negative and European Central Bank has accumulated a massive amount of bond portfolio and government deficits is below 1% in 2018. furthermore the international trade has recorded surplus in February 2019.
Fundamentals
On the monetary front, policy rates remain at zero or negative and the ECB has accumulated a sizeable €2.6 trillion (22 percent of euro area GDP) bond portfolio, complicating further large-scale asset purchases.
Measured at the EU or euro area levels, Europe has averaged general government deficits in 2018 below 1 percent of GDP, with gross debts falling since 2014.
Germany’s private sector sees modest growth in April as resilient services performance continues to offset manufacturing weakness
The service sector, on the other hand, remained resilient, recording strong growth in both business activity and employment.
Germany’s vibrant domestic demand, helped by record-high employment, inflation-busting pay increases and low borrowing costs, is expected to be the sole driver of growth this year and next.
The euro area recorded a €17.9 bn surplus in trade in goods with the rest of the world in February 2019, compared with + €16.5 bn in February 2018. Intra-euro area trade rose to €160.3 bn in February 2019, up by 3.4% compared with February 2018.
EURUSD price was down 0.83% on Friday which was at the minima point of Sine Line, the fall is likely to be retracement. i'm looking for a possible bounce from 0.236 level of retracement or possible bounce from the confluence support level at 1.11850. The price could go towards intersection 1 at 1.13536 or intersection 2 at 1.14008. Euro is still looking good fundamentally with interest rates remains zero or negative and European Central Bank has accumulated a massive amount of bond portfolio and government deficits is below 1% in 2018. furthermore the international trade has recorded surplus in February 2019.
Fundamentals
On the monetary front, policy rates remain at zero or negative and the ECB has accumulated a sizeable €2.6 trillion (22 percent of euro area GDP) bond portfolio, complicating further large-scale asset purchases.
Measured at the EU or euro area levels, Europe has averaged general government deficits in 2018 below 1 percent of GDP, with gross debts falling since 2014.
Germany’s private sector sees modest growth in April as resilient services performance continues to offset manufacturing weakness
The service sector, on the other hand, remained resilient, recording strong growth in both business activity and employment.
Germany’s vibrant domestic demand, helped by record-high employment, inflation-busting pay increases and low borrowing costs, is expected to be the sole driver of growth this year and next.
The euro area recorded a €17.9 bn surplus in trade in goods with the rest of the world in February 2019, compared with + €16.5 bn in February 2018. Intra-euro area trade rose to €160.3 bn in February 2019, up by 3.4% compared with February 2018.
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