EUR/USD Daily Forecast – 25 December

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Thursday, Dec 24 2015

There were no data releases from Eurozone yesterday and with holidays ahead there is a bit of lack of volatility, with markets keeping track on economic developments in Eurozone. Support in Finland for keeping the euro currency has fallen to 54% amid persistent economic problems, an opinion poll shows. This comes as parliament prepares for a debate next year on whether to hold referendum on euro membership. Despite recovery elsewhere in the Eurozone, Finland has suffered three years of economic contraction and some Finns say its prospects would improve if it returned to the markka currency.

In the US session Unemployment Claims figures were released. In the week ending December 19, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 5,000 from the previous week's revised level. Analysts were anticipating decline to 270,000. The previous week's level was revised up by 1,000 from 271,000 to 272,000. The 4-week moving average was 272,500, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 270,500 to 270,750.

As for tomorrow, we can expect less volatile session since it is Christmas, banks will be closed and there will be no data releases.

More in this category: « GBP/USD Daily Forecast – 25 December AUD/USD Daily Forecast – 28 December »

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