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EUR/USD Daily Forecast – 19 December

Monday, Dec 18 2017
EUR/USD Daily Forecast – 19 December

Yesterday's session brought Eurozone Final CPI figures. Euro area annual inflation was 1.5% in November 2017, up from 1.4% in October. In November 2016, the rate was 0.6%. European Union annual inflation was 1.8% in November 2017, up from 1.7% in October. A year earlier the rate was 0.6%. Compared with October 2017, annual inflation fell in four Member States, remained stable in nine and rose in fifteen.

The largest upward impacts to the euro area annual inflation came from fuels for transport (+0.21 percentage points), heating oil (+0.07 pp) and milk, cheese & eggs (+0.05 pp), while telecommunication (-0.11 pp), garments (-0.07 pp) and social protection (-0.04 pp) had the biggest downward impacts.

 

From Eurozone, tomorrow, German Business Climate figures will be released. Incline to 117.6 is expected. In the US session Building Permits and Housing Starts figures will be published. Analysts predict small decline.

 

Figures to watch:

 

German Business Climate (Tuesday 10:00)

Building Permits/Housing Starts (Tuesday 14:30)

More in this category: « GBP/USD Daily Forecast – 19 December AUD/USD Daily Forecast – 20 December »

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