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EUR/USD Daily Forecast – 09 August

Tuesday, Aug 08 2017
EUR/USD Daily Forecast – 09 August

From Eurozone, yesterday, German Trade Balance figures were released.  Germany exported goods to the value of 107.2 billion euros and imported goods to the value of 84.9 billion euros in June 2017. Compared with May 2017, exports were down by a calendar and seasonally adjusted 2.8%, imports by 4.5%. The foreign trade balance showed a surplus of 22.3 billion euros in June 2017. In June 2016, the surplus amounted to 24.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.2 billion euros in June 2017.

In the US session JOLTS Job Openings data were published. Monthly jobs openings — a gauge of the U.S. economy that's closely watched by Fed Chair Janet Yellen — increased in June from May, the Bureau of Labor Statistics announced Tuesday. The number of openings was at 6.2 million on the last business day of the month, a record high, the report from the Labor Department said. This represents an increase from 5.7 million on the last business day of May.

 

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

More in this category: « GBP/USD Daily Forecast – 09 August AUD/USD Daily Forecast – 10 August »

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