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EUR/USD Daily Forecast – 30 October

Friday, Oct 27 2017
EUR/USD Daily Forecast – 30 October

From Eurozone, on Friday, German Import Prices figures were released. As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 3.0% in September 2017 compared with the corresponding month of the preceding year. In August 2017 and in July 2017 the annual rates of change were +2.1% and +1.9%, respectively. From August 2017 to September 2017 the index rose by 0.9%.

In the U.S. session GDP data was published. Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. The Bureau emphasized that the third-quarter advance estimate released today is based on source dana that are incomplete or subject to further revision by the source agency. The "second" estimate for the third quarter, based on more complete data, will be released on November 29, 2017.

 

From Eurozone, on Monday, Spanish CPI and GDP figures will be released. Analysts expect 0.8% increase in GDP and 1.7% incline in CPI. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

Spanish Flash CPI (Monday 9:00)

Spanish Flash GDP (Monday 9:00)

More in this category: « GBP/USD Daily Forecast – 30 October AUD/USD Daily Forecast – 31 October »

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