wrapper

EUR/USD Daily Forecast – 14 June

Tuesday, Jun 13 2017
EUR/USD Daily Forecast – 14 June

Yesterday's session was marked by German and Eurozone ZEW Economic Sentiment figures. The ZEW Indicator of Economic Sentiment for Germany dropped by 2.0 points in June 2017 and now stands at 18.6 points. The indicator thus still remains below the long-term average of 23.9 points. By contrast, the assessment of the current economic situation in Germany improved once again in June. The indicator climbed by 4.1 points to 88.0 points. This is the highest level since July 2011. Despite a slight drop in expectations, the prospects for the economic growth in Germany in the coming six months remain rather positive.

The indicator reflecting the financial market experts’ expectations regarding the economic development in the eurozone increased by 2.6 points in June, bringing the expectation indicator up to a current level of 37.7 points. At the same time, the indicator for the current economic situation in the eurozone climbed 2.2 points compared to May and currently stands at 20.5 points. The expectations regarding the inflation rate in the eurozone declined slightly by 0.6 points to a new level of 16.4 points. The majority of financial market experts expects the inflation rate to remain on a moderate level.

 

In the US session PPI data was published. The Producer Price Index for final demand was unchanged in May, seasonally adjusted, the U.S.  Bureau of Labor Statistics reported today. Final demand prices rose 0.5 percent in April and edged down 0.1 percent in March. On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in May.Within final demand in May, a 0.3-percent increase in the index for final demand services offset a 0.5-percent decline in prices for final demand goods.

 

There will be no major data releases from Eurozone tomorrow. In the US session CPI and Retail Sales figures will be released however the focus will be on Fed interest rate decision and following press conference. CPI is expected to increase to by 0.2%, while Retail Sales should incline by 0.1%. Fed is also forecasted to rise interest rates to 1.25%.

 

Figures to watch:

 

Claimant Count Change/Unemployment Rate (Wednesday 10:30)

CPI (Wednesday 14:30)

Retail Sales (Wednesday 14:30)

Federal Funds Rate/FOMC Statement (Wednesday 20:00)

More in this category: « GBP/USD Daily Forecast – 14 June AUD/USD Daily Forecast – 20 June »

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.