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EUR/USD Daily Forecast - 30 March

Tuesday, Mar 29 2016

From Eurozone, yesterday, M3 Money Supply data was released. The annual growth rate of the broad monetary aggregate M3 stood at 5.0% in February 2016, in line with market expectations, unchanged from the previous period, averaging 4.9% in the three months up to February. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate including currency in circulation and overnight deposits (M1) decreased to 10.3% in February, from 10.5% in January.

In the US session CB Consumer Confidence figures were published. The Conference Board Consumer Confidence Index, which had decreased in February, improved in March. The Index now stands at 96.2 (1985=100), up from 94.0 in February. Analysts were anticipating reading of 93.9. The Present Situation Index declined moderately from 115.0 to 113.5, while the Expectations Index increased from 79.9 to 84.7 in March.

 

From Eurozone, on Wednesday, German Prelim CPI data is scheduled for a release.Rise by 0.6% is expected. In the US session ADP job figures will be published. Analysts forecast increase by 194,000.

 

Figures to watch:

 

German Prelim CPI (Wednesday)

ADP Non-Farm Employment Change (Wednesday 13:15)

More in this category: « GBP/USD Daily Forecast - 30 March AUD/USD Daily Forecast - 31 March »

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