wrapper

EUR/USD Daily Forecast - 09 December

Monday, Dec 08 2014

Yesterday, from Eurozone, only minor importance German Industrial Production figures were released. In October 2014, production in industry was up by 0.2% from the previous month on a seasonally adjusted basis, in line with market forecasts.

 

 

Markets are still weighing on last week ECB Meeting as well as NFP figures. ECB President Mario Draghi said last week, that there will be new monetary measures, however, we can expect them in the first quarter in 2015, what indicates that it is not likely that this will happen during ECB next meeting in January.

 

Besides that, euro still remains lower as NFP data released on Friday showed much better than forecasted data. This indicates stability on US labour market as well as fall in number of unemployed, which could mean that Fed could be raising its interest rates sooner than expected.

 

We can expect another steadier European part of the session tomorrow, as only minor importance German and French Trade Balance figures will be released which are of little impact on the markets. In the US session, JOLTS Job Openings data is scheduled for a release. A figure of 4.81 million is forecasted.

 

Figures to watch:

 

JOLTS Job Openings (Tuesday 16:00)

Last modified on Tuesday, 09 December 2014
More in this category: « GBP/USD Daily Forecast - 09 December AUD/USD Daily Forecast - 10 December »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.