Forex - EUR / USD: The trend is uncertain, traders are wary of Jakcson Hole :

Little animation during the Asian session, the USD cross EUR / remaining near the MM100 (1h) after the script ensures that the yoyo forex plunges into perplexity. Recall that it was largely disappointed at the weekly unemployment figures that allowed a bull to score highest significant testing the 1.3360. This morning the German GDP second estimate, completed by the detail of GDP has not reacted traders because the figures have remained unchanged. Up 0.7% from one quarter to the next and 0.9% yoy. Domestic consumption accounted for 0.5%, construction spending 0.3% and 0.2% in the trade balance. Figures therefore relatively balanced. Note also that the governor of Austria's central bank, Mr Nowotny said that recent economic data departed the need for a further reduction in the ECB rate. Today forex traders will pay attention to the English growth to 10.30 but also reserves Dollar Brazil since the central bank announced the establishment of an intervention program on the forex to protect its currency. Indeed, the currencies of emerging countries are heavily heckled on forex due to imminent reversal of monetary policy from the Fed. We are preparing a paper on the subject of PFX to appear in the morning. Sales of new homes then dictate the trend this afternoon and we will keep an eye on consumer confidence in the euro zone to 16h. From a graphical point of view the trend is uncertain, and caution should be used as every Friday due to profit taking and unwinding weekend. Indeed, Jackson Hole this weekend could promise a hectic opening forex Sunday. The pair is now moving around 1.3345 on the forex.