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EUR/USD Daily Forecast - 23 February

Thursday, Feb 22 2018
EUR/USD Daily Forecast - 23 February

From Eurozone, yesterday, German Business Climate figures were released. German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe’s biggest economy is set for solid growth in the first quarter of this year. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to 115.4 from 117.6 in January.

In the US session Unemployment Claims figures were released. In the week ending February 17, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 230,000 to 229,000. The 4-week moving average was 226,000, a decrease of 2,250 from the previous week's revised average.  Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

 

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

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