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The EZ flash GDP data release was not a trend changer in the EUR/USD currency pair. The Euro kept strengthening against the Greenback to touch the intraday high of 1.2450.
The Euro zone economy marked the fastest growth pace in a decade last year, preliminary report revealed, with sentiment remaining at the strong level, suggesting a solid start entering 2018. Eurostat stated that estimated growth domestic product in the bloc marked a 0.6% quarterly increase in three months to December 2017, which put yearly growth to 2.7% in the same period. Investment is expected to recover fully from post-crisis lows, to continue providing essential contribution to expansion over the coming year.
| Historical Data Table: EZ Flash GDP q/q | Economic Calendar for 31.01.2018 | ||||||||
| Date | 31.01.2017 | 03.05.2017 | 01.08.2017 | 31.10.2017 | 30.01.2018 | 1:15 PM | ADP Non-Farm Employment | ||
| Actual | 0.4% | 0.5% | 0.7% | 0.6% | 0.6% | 1:30 PM | Canada GDP m/m | ||
| Forecast | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% | 7:00 PM | Fed Interest Rate Decision | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.23985 | 1.24039 | 0.04% | EUR/USD | 30.29% | 69.71% | |||
| EUR/GBP | 0.8811 | 0.88157 | 0.05% | EUR/GBP | 29.19% | 70.81% | |||
| EUR/CHF | 1.1582 | 1.15823 | 0.00% | EUR/CHF | 26.19% | 73.81% | |||
| EUR/JPY | 134.709 | 134.776 | 0.05% | EUR/JPY | 38.39% | 61.61% | |||