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EUR/USD Daily Forecast – 21 June

Wednesday, Jun 21 2017
EUR/USD Daily Forecast – 21 June

From Eurozone, yesterday, German PPI data was published. In May 2017 the index of producer prices for industrial products rose by 2.8% compared with the corresponding month of the preceding year. In April 2017 the annual rate of change all over had been 3.4%, as reported by the Federal Statistical Office (Destatis). Compared with the preceding month April 2017 the overall index fell by 0.2% in May 2017 (+0.4 in April and unchanged in March).

In the US session Current Account figures were released. The U.S. current-account deficit increased to $116.8 billion (preliminary) in the first quarter of 2017 from $114.0 billion (revised) in the fourth quarter of 2016, according to statisticsreleased by the Bureau of Economic Analysis (BEA). The deficit increased to 2.5 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the fourth quarter.

 

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

More in this category: « GBP/USD Daily Forecast – 21 June AUD/USD Daily Forecast – 26 June »

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