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EUR/USD Daily Forecast – 05 December

Monday, Dec 04 2017
EUR/USD Daily Forecast – 05 December

From Eurozone, yesterday, Spanish Unemployment Change figures were released.  The number of unemployed registered in the offices of the Public Employment Services has increased in November in 7,255 people in relation to the previous month. Last year, in November 2016, unemployment increased by 24,841 people. In the last 8 years in this same month registered unemployment had increased on average in more than 25,000 people (24,919).  In this way, the total number of registered unemployed stands at 3,474,281, thus remaining at its lowest level in the last 8 years. In seasonally adjusted terms, unemployment has dropped by 22,744 people.

In the US session Factory Orders data was published. New orders for U.S.-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in manufacturing that should buoy the economy. Factory goods orders dipped 0.1 percent amid a drop in demand for both civilian and defense aircraft after an upwardly revised 1.7 percent jump in September, the Commerce Department said on Monday.

 

There will be no major data releases from Eurozone tomorrow. In the US session ISM Non-Manufacturing PMI data will be released. Decline to 59.2 is anticipated.

 

Figures to watch:

 

ISM Non-Manufacturing PMI (Tuesday 16:00)

More in this category: « GBP/USD Daily Forecast – 05 December AUD/USD Daily Forecast – 06 December »

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