wrapper

EUR/USD Daily Forecast - 29 December

Wednesday, Dec 28 2016
EUR/USD Daily Forecast - 29 December

There were no major data releases from Eurozone yesterday, with traders paying attention to development sin Italy. The price of the government bailout of Monte dei Paschi, Italy's oldest bank, went up from €5 billion to €6.5 billion euros ($6.8 billion) this week. That happened after the European Central Bank discovered that MPS's capital shortfall was €8.8 billion, and not the expected €5 billion euros. There has been a "rapid deterioration" in MPS's outlook, according to the Financial Times.

In the US session Pending Home Sales figures will be published. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 2.5 percent to 107.3 in November from 110.0 in October. After last month's decrease in activity, the index is now 0.4 percent below last November (107.7) and is at its lowest reading since January (105.4).

 

There will be no major data releases from Eurozone tomorrow. In the US session Unemployment Claims figures will be published. Analysts anticipate increase to 277,000.

 

Figures to watch:

 

Unemployment Claims (Thursday 14:30)

More in this category: « GBP/USD Daily Forecast - 29 December AUD/USD Daily Forecast – 02 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.