Mixed data coming from Europe - Forex News by FX Leaders

Mixed data coming from Europe

Posted Friday, April 29, 2016 by
Skerdian Meta • 1 min read

There have been some mixed numbers coming from Europe this morning. The prelim Q1 GDP number showed a 0.6% expansion and the unemployment fell to 10.2%. But, on the other hand, the core inflation numbers missed the expectations and the inflation in general posted a 0.2% decline, which means deflation. Still, the Euro is higher against the Dollar, while the British Pound has failed to break the resistance at 1.4660s.

GBP/USD failing at resistance once again.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of