wrapper

EUR/USD Daily Forecast - 13 January

Monday, Jan 12 2015

It was an uneventful Monday's session and there will be no major data releases from Eurozone in the rest of the week, so what we can expect is that euro will mostly depend on global concerns as well as speculations on possible ECB monetary steps at their next meeting on January 22.

Besides Europe being shocked by terrorist attacks in France, possibility that Greece could leave shared currency has the negative impact on euro. Greece will have to face with the snap parliamentary elections as only 168 lawmakers in the 300-seat chamber backed Prime Minister Antonio Samaras’s nominee for president, Stavros Dimas, short of the 180 votes required.

 

The elections could bring the leftwing Syriza party led by Alexis Tsipras to power and derail an international bailout. Syriza party is ahead of Samaras’s New Democracy movement in opinion polls.Except that, there are a lot of speculations that ECB could introduce further monetary stimulus as Eurozone CPI fell by 0.2%, showing that all so far done measures were not enough to stop deflation trend.

 

There will be no major data releases from Eurozone tomorrow so we can expect a steadier morning part of the session. In the US session JOLT Job Openings data will be released. Analysts are forecasting increase by 4.91 million.

 

Figures to watch:

 

JOLTS Job Openings (Tuesday 16:00)

More in this category: « GBP/USD Daily Forecast - 13 January AUD/USD Daily Forecast - 14 January »

Latest from Editor

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.

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.