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EUR/USD Daily Forecast – 11 July

Monday, Jul 10 2017
EUR/USD Daily Forecast – 11 July

Yesterday, from Eurozone, German Trade Balance and Sentix Investors Confidence figures were released. Germany exported goods to the value of 110.6 billion euros and imported goods to the value of 88.6 billion euros in May 2017. The foreign trade balance showed a surplus of 22.0 billion euros in May 2017. In May 2016, the surplus amounted to 20.7 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.3 billion euros in May 2017.

The sentix economic index for Euroland has risen for the fifth time in a row to 28.3 points. Above all the situation index, which shows the seventh rise in series and shows the highest level since December 2007 with 37.3 points, drives the index. The expectations cannot keep up. Around the world, expectations are stagnating or even slightly declining, in Germany for the second time in a row.

 

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

More in this category: « GBP/USD Daily Forecast – 11 July GBP/USD Daily Forecast – 12 July »

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