EUR/USD Daily Forecast - 11 December

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Wednesday, Dec 10 2014

Wednesday brought only French Industrial Production figures. According to the latest INSEE report French Industrial Production fell be 0.8% in November, missing heavily expectations on 0.2% increase. During the last three months output rose in the manufacturing sector (+0.5%), as well as in industry as a whole by 0.3%.

Euro aimed higher as USD came under pressure due to global concerns. In Greece we could be seeing parliamentary vote for the president as soon as next week, moved from February 2015. On the other hand, Chinese government announced on Tuesday that it is ready to set new restrictions on debt markets. This is just another sign that China is going through much slower growth than it was initially expected.

From Eurozone, tomorrow, Targeted LTRO figures will be released. Markets are anticipating a figure of around 148.2 billion euros. In the US session Retail Sales and Unemployment Claims data is scheduled for a release. Analysts are predicting 0.4% incline in Retail Sales and 0.1% growth in Core Retail Sales. Number of Unemployment Claims should increase to 299,000.

Figures to watch:

Targeted LTRO (Thursday 11:15)

Retail Sales (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

More in this category: « GBP/USD Daily Forecast - 11 December AUD/USD Daily Forecast - 12 December »

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