Euro slips on GDP slowdown
The euro is on the back foot for the first time in four sessions today after French and German GDP came in below already depressed expectations. Earlier
in the morning, Japanese GDP also contracted when forecasts were expecting growth. The EUR/USD is off by 0.44% this morning, helping the EUR/GBP to drop
despite the GBP/USD continuing its down trend. The Aussie/Kiwi pairs are performing better this morning after Australian inflation expectations came in
above the previous month.
We start the morning we the ECB monthly bulletin at 09.00, followed by Italian prelim GDP released at the same time. European flash GDP follows at
10.00. From 13.30 we have US unemployment claims, followed by a number of speeches from FOMC members. The AUD/JPY has been choppy of late, but the
uptrend still seems to be intact for now. Until the 12 period EMA is broken, it could pay to keep betting on more upside.
A good way to play this on BetOnMarkets.com could be a HIGHER trade predicting that the AUD/JPY closes above 97.25 in 5 days time for a potential return
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