The rebound in global demand | 19 3月 2021

19 3月 2021, EUR/USD

The rebound in global demand

EURUSD trading plan:

The rebound in global demand and additional fiscal measures are supporting global and euro area activity. At the same time, persistently high coronavirus infection rates, the spread of virus mutations, and the associated extension and tightening of containment measures continue to have a negative impact on euro area economic activity. As a result, real gross domestic product is likely to contract again in the first quarter of the year after declining by 0.7 per cent in the fourth quarter of 2020. The ongoing vaccination campaigns, together with the gradual relaxation of containment measures underpin expectation of a firm rebound in economic activity in the second half of 2021. This assessment is also reflected in the March 2021 ECB staff macroeconomic projections for the euro area, which foresee annual real GDP growth at 4.0 per cent in 2021, 4.1 per cent in 2022.

Investment idea: buy 1.1910 and take profit 1.1994.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus