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EUR/USD Daily Forecast – 12 December

Monday, Dec 11 2017
EUR/USD Daily Forecast – 12 December

From Eurozone, yesterday, only Italian Retail Sales figures were released. In October 2017, the retail trade decreased by 2.1% compared with October 2016, all store types showed decline as food retailing was down 1.7% and non-food retailing was down 2.4%. Estimates of the value of retail sales fell month-on-month also: -1.0% compared with September 2017. The underlying pattern, as measured by the 3 month on 3 month estimate, showed a contraction in October 2017, where the value of sales decreased by 0.1% and the volume of sales was down 0.2%.

In the US session JOLTS Job Openings data was published. On the last business day of October, there were 6.0 million job openings, little changed from September. Job openings have been at or near record high levels since June. The job openings rate was 3.9 percent in October. The number of job openings edged down for total private and was little changed for government.  Job openings increased in accommodation and food services (+94,000), construction (+48,000), and real estate and rental and leasing (+40,000). Job openings decreased in wholesale trade (-90,000), finance and insurance (-47,000), information (-32,000), and nondurable goods manufacturing (-26,000).

 

Tomorrow, from Eurozone, ZEW Economic Sentiment figures will be released. Analysts expect decline to 17.9 in German and to 30.2 in Eurozone sentiment. In the US session PPI data will be published. 0.4% incline is anticipated.

 

Figures to watch:

 

German ZEW Economic Sentiment/ZEW Economic Sentiment (Tuesday 11:00)

PPI (Tuesday 14:30)

More in this category: « GBP/USD Daily Forecast – 12 December AUD/USD Daily Forecast – 13 December »

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