wrapper

EUR/USD Weekly Forecast – 14 December – 18 December

Friday, Dec 11 2015

Events that marked the week:

Through the week from Eurozone only minor importance data was released. From Eurozone, on Monday, German Industrial Production and Sentix Investor Confidence figures were released. In October 2015, production in industry was up 0.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Analysts were anticipating 0.8% increase. In September 2015, production in industry decreased by 1.1% on August 2015, thus confirming the provisional result published in the previous month.

Economic expectations for the Eurozone continue to rise contrary to the global trend. The headline index gains +0.6 points to reach +15.7 overall. Increase to +17.2 points was predicted. Overall, the Eurozone outperforms other world regions as the effects of ECB’s policy measures kick in. The remaining world regions depict signs of a slowdown. Japan slides back into recession. In contrast to Fed’s interpretations of the state of the economy, the sentix indicator for the US economy highlights a contrary view amid the preparations for the first rate rise.

 

Thursday brought French CPI and Industrial Production data from Eurozone. In November 2015, the Consumer Price Index (CPI) fell back, decreasing by 0.2% after a rise by 0.1% in October. Seasonally adjusted, it was down 0.1% over the month. Year-on-year, consumer prices remained unchanged, after a slight growth in October (+0.1%).

 

In October 2015, output decreased in the manufacturing industry (–0.5% after –0.1% in September). It increased in the industry as a whole (+0.5% after 0.0% in September). Analysts were forecasting 0.1% decrease. Over the last three months, output rose in the manufacturing sector (+1.1% q-o-q), and even more in the overall industry (+1.4%), due to sustained growth in mining, quarrying, energy and water supply (+2.7%).

 

This week markets be looking at:

 

German ZEW Economic Sentiment/ ZEW Economic Sentiment (Tuesday 11:00)

French Flash Manufacturing PMI/French Flash Services PMI (Wednesday 9:00)

German Flash Manufacturing PMI/German Flash Services PMI (Wednesday 9:30)

Flash Manufacturing PMI/ Flash Services PMI (Wednesday 10:00)

German Ifo Business Climate (Thursday 10:00)

More in this category: « GBP/USD Weekly Forecast – 14 December – 18 December AUD/USD Weekly Forecast – 21 December – 25 December »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.