Eurozone GDP Figure Confirms Slower Growth in Q3 – Forex Broker Vantage FX Comments

London based Vantage FX comments on today’s GDP figures and what it means for FX traders.

London (PRWEB UK) 4 December 2013

Every forex trader has their eye on the Euro at the moment as a series of crucial figures and announcements arrive in the build up to ECB monetary policy announcement.

Although the Eurozone has been stable, growth has not been forthcoming. In the build up to today’s release of the GDP figure statements were made by ECB members which suggested rate reductions and more easing were still on the cards.

At 10am the predicted 0.1% growth rate was revealed as forecast, down on the 0.3% in the previous quarter. (IBTimes 4th Dec 2013) What did this mean for traders?

Vantage FX’s Tim Plummer commented:

“This figure was eagerly anticipated as traders and analysts alike wanted to confirm the negative GDP in the Eurozone. When released the figure came in with the previous announcement as well as with what analysts had expected. Given this figure was within expectations the markets did not react and volume remained within normal parameters. This is likely to have impacts that will be felt over the next few trading sessions as recently the Manufacturing sector in the euro area has been falling behind. Traders, therefore, may start to consider whether the euro is overbought at the 1.35 level.”

Vantage FX is a multi-award winning forex broker who provide technologically advanced and personalised forex services to clients, including a wealth of forex market news and analysis to help traders make the right decisions when trading forex. Particularly around major events such as this.

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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.

What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering a free MT4 forex demo.

You may prefer to contact our Australian Office. Phone: +61 1300 945 517 Contact: Natalie German. Website: vantagefx com


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