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EUR/USD Daily Forecast - 15 December

Friday, Dec 12 2014

On Friday, Eurozone Industrial Production data was released. In October 2014 compared with September 2014, seasonally adjusted industrial production rose by 0.1% in euro area, missing market expectations on 0.2% increase. This followed 0.5% increase in September. In October 2014 compared with October 20134, industrial production increased by 0.7%

 

In the US session PPI and Consumer Sentiment data was released. According to the latest release, US PPI fell by 0.2%, missing market predictions on 0.1% decrease. This decrease followed a 0.2% rise in October and a 0.1% decline in September. On an unadjusted basis, the index for final demand advanced 1.4% for the 12 months ended in November, the smallest 12-month increase since a 1.2% rise in February 2014. Core PPI was unchanged in October, also missing market expectations on 0.1% raise.

 

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment for this month came in at 93.8, the highest reading since January 2007 and above market forecasts on incline to 89.5.

 

There will be no major data releases from Eurozone on Monday. In the US session Empire State Manufacturing Index and Industrial Production figures are scheduled for a release. Analysts forecast rise to 12.1 in Empire State Manufacturing Index as well as 0.8% growth in Industrial Production.

 

Figures to watch:

 

Empire State Manufacturing Index (Monday 14:30)

Industrial Production (Monday 15:15)

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