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EUR/USD Daily Forecast – 15 August

Tuesday, Aug 15 2017
EUR/USD Daily Forecast – 15 August

From Eurozone, yesterday, Industrial Production figures were released. In June 2017 compared with May 2017, seasonally adjusted industrial production fell by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May 2017, industrial production rose by 1.2% in both zones. In June 2017 compared with June 2016, industrial production increased by 2.6% in the euro area and by 2.9% in the EU28.

The decrease of 0.6% in industrial production in the euro area in June 2017, compared with May 2017, is due to production of capital goods falling by 1.9%, durable consumer goods by 1.2%, non-durable consumer goods by 0.4% and intermediate goods by 0.3%, while production of energy rose by 1.8% In the EU28, the decrease of 0.5% is due to production of capital goods falling by 1.5%, durable consumer goods by 0.8%, intermediate goods by 0.4% and non-durable consumer goods by 0.3%, while production of energy rose by 1.4%.

 

Tomorrow's session will be marked by German GDP figures. Analysts forecast increase by 0.7%. In the US session Retail Sales data will be published. Incline by 0.4% is anticipated.

 

Figures to watch:

 

German Prelim GDP (Tuesday 8:00)

Retail Sales (Tuesday 14:30)

More in this category: « GBP/USD Daily Forecast – 15 August AUD/USD Daily Forecast – 16 August »

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