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EUR/USD Daily Forecast – 10 January

Tuesday, Jan 09 2018
EUR/USD Daily Forecast – 10 January

From the Eurozone, yesterday, German Industrial Production figures were released. In November 2017, production in industry was up by 3.4% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In October 2017, the corrected figure shows a decrease of 1.2% (primary –1.4%) from September 2017. In November 2017, production in industry excluding energy and construction was up by 4.3%.

In the US session JOLTS Job Openings data was released. The number of job openings was little changed at 5.9 million on the last business day of November, the  U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little  changed at 5.5 million and 5.2 million, respectively. Within separations, the quits rate was unchanged at  2.2 percent and the layoffs and discharges rate was little changed 1.1 percent. This release includes  estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by  industry and by four geographic regions.

 

There will be no major data releases both from Eurozone and USA tomorrow, so we expect a bit steadier session.

More in this category: « GBP/USD Daily Forecast – 10 January AUD/USD Daily Forecast – 11 January »

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