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EUR/USD Daily Forecast - 29 December

Friday, Dec 26 2014

It was a Boxing Day on Friday and most of the European banks were closed in observance of it. Holiday season is on and it is a period of less liquidity at the markets. Except of economic worries which Eurozone has to constantly face with, there are also geo-political factors that have negative impact on euro.

The risk of renewed political instability in Greece, just as it is starting to emerge from a debt crisis that called into question the survival of the shared euro currency, is worrying its European Union partners. This is something that could have impact at the beginning of next week.

 

On Monday there will be no major data releases from Eurozone as well as USA, so it should be another less volatile session. With that being the case we would pay attention to any possible statements by ECB officials that would hint on possible monetary measures at the beginning of the year.

More in this category: « GBP/USD Daily Forecast - 29 December AUD/USD Daily Forecast - 30 December »

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