Photo: Economic Decline and Intraday EURUSD Outlook
According to the recent report published the OECD, the world’s most developed economies have been suffering from another economic slowdown since late 2012. The aggregate GDP of all 34 members of the OECD dropped by 0.2% in Q4 2012. This is the first slowdown since 2009.
Only Canada is likely to avoid a slowdown (there are still no GDP data from Canada). The eurozone economy declined by 0.6%, with Italy being the biggest loser (-0.9%). Japan’s GDP was down by 0.1%. The US economy saw no growth (0%).
Even though the aggregate OECD GDP gained 1.3% during the reporting period, experts express serious concerns over the near-term prospects of the global economy.
No economic growth is a major problem amid higher spending and astronomic debts.
Forex.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD.
The currency pair seems to be recovering after the recent decline. The closest targets are 1.3472 and 1.3556.
Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
