Weekly EUR USD Forecast 15-Oct to 19-Oct
Stocks tumbled and the world’s most popular currency pair remained relatively stable most of the time. Weak US inflation figures already sent the US Dollar lower and the pair higher. In the euro-zone, Germany’s trade balance and industrial output beat expectations. Italy remained in the headlines but the euro managed to shrug it off more than in previous weeks. Weekly EURUSD Fundamental Forecast 15-Oct to 19-Oct 2018 - German import price: Tuesday, 6:00. Prices of imported goods and commodities affect consumer prices. After three months of the hike, in August, the imported prices were disappointed with a decline of 0.2%. There is a small increase of 0.1% on the card for September. Business balance: Tuesday, 9:00 pm The high volume of Germany’s exports is behind the continent’s surplus. This surplus has been squeezed in recent months, reaching a tough level of 12.8 billion euros in July. Now we will get the data for August. The surplus of 15 billion is estimated. German ZE...