EUR/USD Daily Forecast - 10 December

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Tuesday, Dec 09 2014

There were only minor importance German Trade Balance figures released from Eurozone yesterday. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.6 billion euros in October 2014. Analysts were predicting a smaller surplus of around 18 billion euros. However, in a less eventful beginning of the wee week, euro rebounded after sharp fall last week, with economic growth being supported by upcoming holiday season.

In the US session JOLTS Job Openings data was released. There were 4.8 million job openings on the last business day of October, little changed from 4.7 million in September, but in line with market expectations. The job openings rate was 3.3%. The number of job openings was little changed for total private and declined for government in October, while it decreased for state and local government.

From Eurozone, tomorrow, only French Industrial Production figures are scheduled for a release. Analysts are forecasting 0.2% increase. There will be no major data releases in the US part of the session.

Figures to watch:

French Industrial Production (Wednesday 8:45)

Last modified on Tuesday, 09 December 2014

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