EUR/USD Daily Forecast – 27 June

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Monday, Jun 26 2017

EUR/USD Daily Forecast – 27 June

Yesterday's session brought German Business Climate data.German business confidence unexpectedly rose in June to a record high, a survey showed on Monday, in a fresh sign that company executives are more upbeat about the growth outlook of Europe's largest economy. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 115.1 from 114.6 in May. The reading compared with a Reuters consensus forecast for a value of 114.4.

In the US session Durable Goods Orders figures were published. Orders for non-military capital goods excluding aircraft fell 0.2% (est. 0.4% gain) after 0.2% increase in prior month. Shipments of those goods, which are used to calculate gross domestic product, fell 0.2% after 0.1% gain. Bookings for all durable goods fell 1.1% (est. 0.6% drop) following 0.9% decline; excluding transportation-equipment demand, which is volatile, orders rose 0.1% (est. 0.4% gain).

There will be no major data releases from Australia tomorrow. In the US session CB Conumer Confidence figures will be published. Analysts anticipate decrease to 116.1.

Figures to watch:

CB Consumer Confidence (Tuesday 16:00)

More in this category: « GBP/USD Daily Forecast – 27 June AUD/USD Daily Forecast – 28 June »

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