London (PRWEB UK) 14 August 2013
The forex community awaits the announcement of the EU GDP figures for Q2 with baited breath. Borrowing costs have risen once again and there is a feeling that trouble is brewing in the Eurozone.
This announcement needs to be substantial in order to help stem the gradual decline.
Vantage FX, Head of Market Analysis Jay Mawji commented:
"Somewhat surprisingly, the outlook for the Eurozone economy has been lifted and many banks are predicting Eurozone GDP to show a 0.2% growth Quarter on Quarter. Despite sufficient positive data in the Eurozone to support such a view, the cynics still outweigh the optimists, holding onto the view that the Eurozone has benefited from 'outside' factors and haven't come sufficiently close to dealing with their issues."
Forex brokers are savvy to the true underlying performance of the economy, which is why the figure needs to allow for this false positive to really have the impact the Eurozone needs.
A wider understanding of developments in forex is required to appreciate the true impact of the GDP figure, whatever it may be.
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About Vantage FX
Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services and a UK trading platform to clients in the UK, the EU and the rest of the world.
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