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M3 increased to 3.6% in December

Thursday, Jan 29 2015
The annual growth rate of the broad monetary aggregate M3 increased to 3.6% in December 2014, from 3.1% in November 2014. This was in line market predictions. The three-month average of the annual growth rates of M3 in the period from October 2014 to December 2014 increased to 3.1%, from 2.7% in the period from September 2014 to November 2014.  
 
Separate report on German Unemployment Change also showed figures in line with market forecast, with number of unemployed decreasing by 9,000. This was fourth consecutive month of decline.
 
Data did not have any major impact on euro which is currently being traded around 1.1280 area. Pair is likely to find support around 1.12 handle, and resistance near 1.1350 area. Later today, in the US session Unemployment Claims figures are scheduled for a release.
 
More in this category: « UK house prices rose by 0.3% in January CBI Realized Sales showed balance of +36% »

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