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EUR/USD Daily Forecast – 08 November

Tuesday, Nov 07 2017
EUR/USD Daily Forecast – 08 November

Yesterday's session brought Eurozone Retail Sales figures. In September 2017 compared with August 2017, the seasonally adjusted volume of retail trade rose by 0.7% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August, the retail trade volume decreased by 0.1% in the euro area, while it rose by 0.5% in the EU28. In September 2017 compared with September 2016, the calendar adjusted retail sales index increased by 3.7% in the euro area and by 3.5% in the EU28.

 

In the U.S. session job openings data was released. On the last business day of September, there were 6.1 million job openings, little changed from August. Job openings have been at or near record high levels since June. The job openings rate was 4.0 percent in September. The number of job openings was little changed for total private and for government. Job openings increased in professional and business services (+156,000), other services (+52,000), state and local government education (+36,000), and federal government (+15,000).

 

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

More in this category: « GBP/USD Daily Forecast – 08 November GBP/USD Daily Forecast – 09 November »

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