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EUR/USD Daily Forecast – 11 September

Friday, Sep 08 2017
EUR/USD Daily Forecast – 11 September

Friday brought French Industrial Production and German Trade Balance figures. In July 2017, output recovered slightly in the manufacturing industry (+0.3% after −0.9% in June), as well as in the whole industry (+0.5% after −1.1%). Over the last three months, manufacturing output went up sharply in the manufacturing industry (+1.5%) as well as in the overall industry (+1.5%).

Germany exported goods to the value of 103.7 billion euros and imported goods to the value of 84.2 billion euros in July 2017. The foreign trade balance showed a surplus of 19.5 billion euros in July 2017. In July 2016, the surplus amounted to 19.1 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.5 billion euros in July 2017.

 

There will be no major data releases both from Eurozone and USA on Monday so we expect a bit less volatile session.

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

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