Today my advice to you is to look out for euro! Today is a big day in the Eurozone as the biggest economy in the region as well as the whole Eurozone are putting out their GDP numbers which is going to have a lot of influence on euro.

Right now the currency is more or less stable, but as the report comes out the movement of it can be unpredictable. It is all tied to how good the GDP of the zone really is.

After Great Britain posted their numbers several days ago GBP went plummeting down. And we can’t have that with euro. After all, at the moment all of the segments of the market are trying to recover and bring us some of those desired pips and euro may as well be something of a safe haven for us right now.

Look at it like that – oil is way too unstable. It is jumping up and down with no way to predict the future movement. Gold can’t find its direction as well as the greenback is mixing up the entire performance for the metal. And all of the other precious metals are more or less looking at gold to find their direction, so if the gold falls, all of the other participants of this segment of the market are going to follow.

That is why we need to look closer at euro. Particularly today.

The GDP numbers have all of the chances to knock down the best performance by a currency. And given that we can’t really say that euro had a good performance in the first place, you can understand my concern for today’s performance of the currency.