
The EU plans to intervene in markets directly to curb rising energy costs, threatening to push the Euro area's economy into a deep recession.
2019-11-11 • Updated
There are a lot of factors that affect currencies markets. They are divided into two groups: unpredictable and predictable events. The first group of unpredictable events includes political news and natural disasters. The second group, that we will consider today, covers economic indicators that are displayed in an economic calendar and released at the exact time.
These indicators show the economic growth and health, they cause exact monetary policy decisions of central banks. If traders know how these figures influence the economy and currency, they will know how to trade.
We offer you to compare the last data on the main indicators of the two world’s largest economies: American and European. Under the table, you will find an explanation.
Making a conclusion, we can say that the US economy looks better than the European one in more indicators. You can think that despite good indicators, the greenback has been falling for a long time when the euro is steady. But you should not forget about other factors that affect currency rates: positive indicators of other currencies, political issues, and traders’ mood. Tightening of the Fed’s monetary policy can lead to the rise of the US dollar soon. Positive economic indicators support this trend. At the same time, although now the European economy is failing against the American one, experts see a potential. Tapering of quantitative easing may lead to the growth of the inflation that will let increase the interest rate and will support the euro in the future. Good figures of GDP, trade balance and PMI will support the Eurozone’s economy.
The EU plans to intervene in markets directly to curb rising energy costs, threatening to push the Euro area's economy into a deep recession.
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