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11 Aug 2014

Eurozone flash GDP to come in at 0.1% - RBS

FXStreet (Łódź) - Richard Barwell and Nishit Mittal, economists at RBS, revise their expectations for the preliminary Eurozone Q2 GDP release, due out on Thursday, from 0.2% to 0.1%.

Key quotes

"The news has been largely to the downside."

"We now expect growth of only 0.1%, with a modest contraction of 0.1% in Germany."

Aug 11, 2014

EUR/USD - to stay or not to stay above 1.34?

EUR/USD opened the day at 1.3405, and shuffled down to 1.3393 at the moment.

GBP/USD is too shy to rise, but too proud to fall

GBP/USD opened at 1.6775, and showed very shy attempts to rise, posting 1,6785 by the moment.