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EUR/USD Daily Forecast - 4 July

Tuesday, Jul 03 2018
EUR/USD Daily Forecast - 4 July

Yesterday, from Eurozone, Retail Sales data was published. In May 2018 compared with April 2018, the seasonally adjusted volume of retail trade did not change in the euro area (EA19) and increased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28. In May 2018 compared with May 2017 the calendar adjusted retail sales index increased by 1.4% in the euro area and by 2.3% in the EU28.

In the US session, Factory Orders figures were released. New orders for U.S.-made goods unexpectedly rose in May, pointing to a strengthening manufacturing sector, but business spending on equipment continued to show signs of slowing. Factory goods orders increased 0.4 percent amid strong demand for machinery, the Commerce Department said on Tuesday. Data for April was revised up to show orders falling 0.4 percent instead of the previously reported 0.8 percent decrease.

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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