{"id":108155,"date":"2021-02-02T17:29:43","date_gmt":"2021-02-02T17:29:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108155"},"modified":"2021-02-02T17:30:41","modified_gmt":"2021-02-02T17:30:41","slug":"105338-eu-shrugs-off-gdp-eur-usd-plummets","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/","title":{"rendered":"EU Shrugs Off GDP, EUR\/USD Plummets"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>EUR\/USD could sell off further<\/b><\/li>\n<\/ul>\n<p><b>EUROZONE GDP RECAP<\/b><\/p>\n<p><span style=\"font-weight: 400;\">EU GDP Q4 Y\/Y: -5.1% vs Exp. -5.4% (Prior -4.3%) &#8211; Q\/Q: -0.7% vs Exp. -1% (Prior 12.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eurozone GDP modestly beat forecasts. However, the Euro\u2019s reaction was muted. It is worth remembering that the data is backward looking and that with the majority of the Eurozone under lockdown measures currently the downside risks looks likely to persist throughout Q1. That said the data highlights the diminishing impact of lockdown restrictions on economic activity.<\/span><\/p>\n<p><b>EUR\/USD AT RISK OF A FURTHER DETERIORATION<\/b><\/p>\n<p><b>EUR\/USD: <\/b><span style=\"font-weight: 400;\">The Euro kicked the week off on the back foot breaking below its 50 DMA reinforcing the near-term bearish outlook. The Euro has suffered at the hands of a stronger US Dollar which yesterday broke above its downtrend bringing 91.00 into focus. A close above 91.00, could see more upside in the US Dollar. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The chaotic rollout of the vaccine has added pressure to the Euro. As such, EUR\/USD is testing support at 1.2065 a level which had held firm throughout January. A break through here opens the door to 1.2000-11 where Euro longs are likely to liquidate below this area.<\/span><\/p>\n<p><b>\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD could sell off further EUROZONE GDP RECAP EU GDP Q4 Y\/Y: -5.1% vs Exp. -5.4% (Prior -4.3%) &#8211; Q\/Q: -0.7% vs Exp. -1% (Prior 12.5%) Eurozone GDP modestly beat forecasts. However, the Euro\u2019s reaction was muted. It is worth remembering that the data is backward looking and that with the majority of the Eurozone [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5182,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-108155","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-eur-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Shrugs Off GDP, EUR\/USD Plummets - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EU Shrugs Off GDP, EUR\\\/USD Plummets\",\"datePublished\":\"2021-02-02T17:29:43+00:00\",\"dateModified\":\"2021-02-02T17:30:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/\"},\"wordCount\":200,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/\",\"name\":\"EU Shrugs Off GDP, EUR\\\/USD Plummets - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"datePublished\":\"2021-02-02T17:29:43+00:00\",\"dateModified\":\"2021-02-02T17:30:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100806-Brexit-and-ECB-doubts.png\",\"width\":918,\"height\":517,\"caption\":\"gbp-eur-bank-notes-and-coins\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105338-eu-shrugs-off-gdp-eur-usd-plummets\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EU Shrugs Off GDP, EUR\\\/USD Plummets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EU Shrugs Off GDP, EUR\/USD Plummets - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EU Shrugs Off GDP, EUR\/USD Plummets","datePublished":"2021-02-02T17:29:43+00:00","dateModified":"2021-02-02T17:30:41+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/"},"wordCount":200,"image":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","keywords":["eur","eur\/usd","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/","url":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/","name":"EU Shrugs Off GDP, EUR\/USD Plummets - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","datePublished":"2021-02-02T17:29:43+00:00","dateModified":"2021-02-02T17:30:41+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","width":918,"height":517,"caption":"gbp-eur-bank-notes-and-coins"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105338-eu-shrugs-off-gdp-eur-usd-plummets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EU Shrugs Off GDP, EUR\/USD Plummets"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100806-Brexit-and-ECB-doubts.png","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=108155"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108155\/revisions"}],"predecessor-version":[{"id":108157,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108155\/revisions\/108157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5182"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=108155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=108155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=108155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}