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EUR/USD Daily Forecast – 07 June

Tuesday, Jun 06 2017
EUR/USD Daily Forecast – 07 June

From Eurozone, yesterday, Retail Sales figures were released. In April 2017 compared with March 2017, the seasonally adjusted volume of retail trade rose by 0.1% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March the retail trade volume increased by 0.2% in the euro area, while it fell by 0.1% in the EU28. In April 2017 compared with April 2016, the calendar adjusted retail sales index increased by 2.5% in the euro area and by 3.0% in the EU28.

In the US session JOLT Job Openings data was published. On the last business day of April, the job openings level increased to a series high of 6.0 million (+259,000). The job openings rate was 4.0 percent. The number of job openings edged up for total  private (+220,000) and increased for government (+39,000). Job openings increased in a number of  industries with the largest increase occurring in accommodation and food services (+118,000). Job  openings decreased in durable goods manufacturing (-30,000). The number of job openings increased in the Midwest and Northeast regions.

 

There will be no major data releases both from Eurozone and USA tomorrow, so we can expect a bit steadier session.

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