EUR Fundamental Analysis




EUR's current outlook score of 48 shows that the long-term outlook is bearish, which means that traders with a long-term trading timeline will be looking to short EUR on rally.

The latest 10 economic indicators released out of Euro Zone have added -1 to the total Fundamental Outlook score of EUR. This represents a moderate pace of decline in recent months. More specifically, the most recent economic release with the greatest impact for EUR was the EU ECB Interest Rate, which took place on September 4, 2014 at 11:45am GMT. The Deviation for the EU ECB Interest Rate is 0.05% and the Forecast at the time was 0.15%. The actual figure came in at 0.05%, which was a negative surprise for EUR.

Although the current score for EUR is 48, please understand that this merely reflects the long-term view based on official economic data out of Euro Zone. This outlook score does not account for market sentiment, namely risk appetite or risk aversion, order flows, or any breaking news that has the potential of changing the short-term market trend.

Fundamental Outlook Score is meant to be used as a direction confirmation tool, the idea behind this indicator is the sum of the effects of market sentiments into an easy to understand format. The proper use of this tool is to pre-qualify your trade. In the case of EUR, which has a low score, your bias would be to sell it against currencies with a strong outlook score. This DOES NOT MEAN you should trade in the direction of the score blindly, but use it to filter out other trading signals that may tell you to go in the opposite direction... I believe ultimately the market will follow the fundamentals, and that's the key to Fundamental Outlook Score. Click here for more information and detailed explanation on Fundamental Forex Outlook.

Recent Economic Indicators And Impact Score For Euro Zone

  DateEvent DescriptionForecastActualScore
2014-10-16 EUR Core CPI y/y... 0.7% 0.8% 0
2014-10-02 ECB Rate Press Conference... N/A N/A 0
2014-10-02 EU ECB Interest Rate... 0.05% 0.05% 0
2014-09-17 EUR Core CPI y/y... 0.9% 0.9% 0
2014-09-05 EU Quarterly GDP... 0.0% 0.0% 0
2014-09-04 ECB Rate Press Conference... N/A N/A 0
2014-09-04 EU ECB Interest Rate... 0.15% 0.05% -1

EUR Core CPI y/y
2014-10-16 0.8% 0.7% 0
2014-09-17 0.9% 0.9% 0
2014-07-17 0.8% 0.8% 0
2014-06-16 0.7% 0.7% 0
2014-05-15 1.0% 1.0% 0
2014-04-16 0.7% 0.8% 0

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