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EUR/USD Daily Forecast – 18 December

Friday, Dec 15 2017
EUR/USD Daily Forecast – 18 December

From Eurozone, on Friday, Trade Balance data was released. The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2017 was €187.9 billion, an increase of 8.8% compared with October 2016 (€172.6 bn). Imports from the rest of the world stood at €168.9 bn, a rise of 10.1% compared with October 2016 (€153.4 bn). As a result, the euro area recorded a €18.9 bn surplus in trade in goods with the rest of the world in October 2017, compared with +€19.2 bn in October 2016. Intra-euro area trade rose to €160.0 bn in October 2017, up by 9.7% compared with October 2016.

In the US session Industrial Production figures were published. U.S. industrial production rose less than expected in November as a drop in utilities output offset a post-hurricane rebound in the oil and gas industries and the third consecutive monthly advance for manufacturing, the Federal Reserve said on Friday. Overall industrial output rose 0.2 percent following an upwardly revised 1.2 percent gain in October. Economists polled by Reuters had forecast industrial output rising 0.3 percent last month.

 

There will be no major data releases both from Eurozone and USA on Monday so we can expect less volatile session. 

More in this category: « GBP/USD Daily Forecast – 18 December AUD/USD Daily Forecast – 19 December »

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