MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Global macro overview for 23/12/2016

Global macro overview for 23/12/2016:

The German Gfk Consumer Climate data was released today and it was just slightly better than market participants expected. The Gfk index was at the level of 9.9 points, while the expectations were 9.8 points, unchanged from last month number. Importantly, this data was collected before the recent terrosrist attack in Berlin, so the next survey might be more pessimistic than this one is.

Let's now take a look at the EUR/USD techncial picture on the 4H time frame. The market is traidng quietly in pre-Christmas mood, so the Gfk data release did not really make any substantial change. The technical support is seen at the level of 1.0352 and the next techncial resistnace lies at 1.0500.

analytics585d139faefa1.jpg

The material has been provided by InstaForex Company - www.instaforex.com