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EUR/USD Daily Forecast – 04 December

Friday, Dec 01 2017
EUR/USD Daily Forecast – 04 December

From Eurozone, on Friday, Spanish Manufacturing PMI figures were released. The PMI rose to 56.1 in November from 55.8 in October, the highest reading since February 2007. Operating conditions have now improved on a monthly basis throughout the past four years. The rate of growth in manufacturing output quickened for the third successive month in November, reaching the strongest since May 2015. The sharp rise in production resulted in a third successive monthly increase in stocks of finished goods, the fastest in nine years.

In the US session also ISM Manufacturing PMI data was published. The November PMI registered 58.2 percent, a decrease of 0.5 percentage point from the October reading of 58.7 percent. The New Orders Index registered 64 percent, an increase of 0.6 percentage point from the October reading of 63.4 percent. The Production Index registered 63.9 percent, a 2.9 percentage point increase compared to the October reading of 61 percent. The Employment Index registered 59.7 percent, a decrease of 0.1 percentage point from the October reading of 59.8 percent.

 

From Eurozone, on Monday, Spanish Unemployment Change figures will be published. Analysts predict incline by 54,000 in number of unemployed. There will be no major data releases in the US part of the session.

 

Figures to watch:

 

Construction PMI (Monday 9:00)

More in this category: « GBP/USD Daily Forecast – 04 December AUD/USD Daily Forecast – 05 December »

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