EUR/USD Daily Forecast - 06 January

wrapper

News
Analysis
- Fundamental
  
  Daily fundamental analysis
  
  Weekly fundamental analysis
- Technical
  
  Daily technical analysis
  
  Weekly technical analysis
Charts
Basic terms
Education
Calendar
Contact

Monday, Jan 05 2015

From Eurozone, yesterday, Spanish Unemployment Change and German Prelim CPI data was released. At the end of December, the number of unemployed in Spain fell by 64,405 persons compared with the previous month, missing expectations on decline by 72,000, however this is a figure which is the second largest decline in December. In seasonally adjusted terms, the registered unemployment also fell by 5,404, fifth consecutive decline.

The inflation rate in Germany as measured by the consumer price index is expected to be 0.9% on an annual average in 2014 as compared with 2013. The harmonised index of consumer prices (HICP) for Germany is expected to have risen by 0.8% in 2014 as compared with 2013. However, consumer prices are not expected to have changed on November 2014, missing forecasts on 0.1% increase.

Tomorrow's European part of the session will be marked by Spanish and Italian Services PMI figures. Spanish PMI is expected to incline to 52.9, while decline to 51.4 is predicted in Italian PMI figures. In the US session Services PMI data is scheduled for a release. Analysts forecast decrease to 58.2.

Figures to watch:

Spanish Services PMI (Tuesday 09:15)

Italian Services PMI (Tuesday 09:45)

ISM Non-Manufacturing PMI (Tuesday 16:00)

More in this category: « GBP/USD Daily Forecast - 06 January AUD/USD Daily Forecast - 07 January »

Latest from Editor

Popular

UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Menu

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.