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Positive fundamentals in the Forex space - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that It was a good day from the fundamental point of view all across the world.

Key quotes:

“Unexpectedly, the German ZEW survey show investors’ confidence rose for the first time in 11 months, another sign of a tepid economic recovery in the largest economy of the EZ, helping the EUR/USD recover above the 1.2500 figure”.

“Later on the day, US PPI also came out better than expected, increasing in October as higher cost for services and food outweighed the slump in energy prices”.

“Dollar strength that ruled markets for most of the last quarter may be finally due to a well deserved correction, and the EUR/USD upward corrective movement could extend particularly if the weekly high is overcome, yet a reversal in greenback’s momentum is yet to be confirmed”.

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