The economic outlook report for the years 2017 and 2018 announced by the European Commission is announced today. Euro zone forecasts revised optimistically
Accordingly, the euro zone growth forecast was revised from 1.5% to 1.6% for 2017 and from 1.7% to 1.8% for 2018. Upward revisions in inflation forecasts also cautioned. The Euro zone inflation forecast, which had been announced over the past several months, has been kept constant in this trend parallel to 1.4% for 2017 and 1.4% for 2017. The euro area unemployment rate estimate is expected to be reduced from 10% to 9.6% for 2017 and 9.1% for 2018. The euro zone total budget deficit was revised from 1.7% to 1.4% in 2017, while it is estimated to be 1.4% in 2018 as well.
The estimates explained were in line with estimates that the ECB had already explained, and did not have a significant impact on the market. We can say that it is a very calm day for EURUSD. 1.0600 – 1.0575 – 1.0545 support, 1.0665 – 1.0700 – 1.0725 resistance levels can be monitored during the day.