EURUSD - Trends, Forecasts and Implications (Part 1) - page 792
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In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of the Euro. Extra-trades between Germany and other countries outside of the Euro-zone do impact the overall Euro-zone trade balance. Given Germany's large share of Euro-zone exports, the figure tends to move the market upon release.
Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.
This is the seasonally adjusted (sa) data, not to be confused with the non-seasonally adjusted (nsa) number.
In order to gauge the effect of German Trade Balance on the Euro, German trade is separated into intra-Euro-zone trades and extra-Euro-zone trades. Intra-trades between Germany and Euro-zone member countries have no affect on the overall valuation of the Euro. Extra-trades between Germany and other countries outside of the Euro-zone do impact the overall Euro-zone trade balance. Given Germany's large share of Euro-zone exports, the figure tends to move the market upon release.
Trade surpluses reflect funds coming into Germany in exchange for goods and services. Such currency inflows may lead to a natural appreciation of a Euro, unless countered by similar capital outflows. At a bare minimum, surpluses will boost up the value of the currency.
This is the non-seasonally adjusted (nsa) data.
The impression is that it will not go above 1.440 :/
The question is serious, if it gets through it could go further upwards, so the market is in contemplation. >> The calculation of the suckers ))).
My DC has a trade balance at 1pm! :)
2009
Dow Jones:
EUR/USD for the day: Investors betting on declines dominate in the short term despite the pair rising from 1.4304, a Fibonacci extension target of 2.618 projected from the lower high of 1.5142. Strong resistance, which is located at 1.4438, protects against a breakout at 1.4500. As long as the pair trades below 1.4438, there is scope for renewed downward pressure on the low at 1.4304, which will open the risk for further declines towards the support around 1.4275. A break-up of this level will open the way to 1.4118, the 38.2% retracement level of the upside wave from 1.2457 to 1.5145 in 2009.
EUR/USD on the weekly chart: Downtrend.
we'll see in 15 minutes