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EUR/USD Daily Forecast - 26 June

Monday, Jun 25 2018
EUR/USD Daily Forecast - 26 June

From Eurozone, yesterday, German Business Confidence figures were released. The ifo Business Climate deteriorated this month. The index fell to 101.8 points in June from 102.3 (seasonally adjusted) points in May. Companies were less satisfied with their current business situation. Their business expectations, by contrast, remained slightly optimistic. The tailwind enjoyed by the German economy is calming down. In manufacturing, the index fell due to poorer assessments of the current business situation. Manufacturers’ business expectations, by contrast, remained slightly optimistic. More manufacturers plan to ramp up production in the months ahead.

In the US session New Home Sales figures were released. Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent above the revised April rate of 646,000 and is 14.1 percent above the May 2017 estimate of 604,000. The median sales price of new houses sold in May 2018 was $313,000. The average sales price was $368,500.

There will be no major data releases from Eurozone tomorrow. In the US session Consumer Confidence figures will be published. Analysts predict decline to 127.6.

Figures to watch:

CB Consumer Confidence (Tuesday 15:00)

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