Mr. Wheeler will speak on Tuesday (a bit worry).
Weaker U.S. Growth Leaves EUR/USD With Little Room To Move
The GDP numbers out of the United States disappointed by missing the 2014 fourth quarter forecast. In the quarter the U.S. economy expanded at a rate of 2.6 percent, this is lower than the anticipated 3.0 percent. Taken out of context it looks like the U.S. economy is struggling and some the immediate reaction did not take into account the global financial markets. Growth forecasts have been cut around the world so it should not be a total surprise that after an impressive Q3 the U.S. would slow down. Corporate investment was low and with the price of oil at current levels will discourage Energy companies as some are ... (full story)