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Message: [QUOTE="Vistabrokers, post: 78190, member: 32993"] [B]Vista Brokers: Euro Ignored Positive Statistics[/B] [IMG]http://s016.radikal.ru/i335/1502/3f/7a3c15e18ce0.jpg[/IMG] On Friday, the EUR/USD has traded in a narrow price range of 20 points, and even the positive statistics could not get it out of balance. Vista Brokers analysts note that the data on GDP changes for the 4th quarter in European countries, mainly, were stronger than expected. The euro zone economy grew by 0.3% mom and by 0.9% yoy vs. 0.2% and 0.8%, respectively. The German GDP showed an increase by 0.7% mom and 1.6% yoy, which also exceeded forecasts. More than expected data were released in Italy and Portugal. Recall that Spain has released its GDP report two weeks ago, showing quarterly growth of 0.7%, which is the best value for the last seven years. The Dutch economy grew by 0.5% qoq. In contrast to the EUR/USD, European stock markets have reacted to the positive statistics. The German DAX index for the first time exceeded the level of 11, the Stoxx Europe 600 index rose by 0.60%. Local indexes in France and Greece have also increased, although in Q4 GDP of these countries has slowed. Analysts note that the single currency on Friday was under pressure ahead of the meeting of the Eurogroup, which will be held today. Market participants are worried about Greece, where on February 28 the program of financial aid will complete and the government of Alexis Tsipras refuses to renew it. The new terms of cooperation for international creditors and Greece can be taken at today's meeting of eurozone finance ministers. [/QUOTE]

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