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EUR/USD Weekly Forecast – 14 November – 18 November

Saturday, Nov 12 2016
EUR/USD Weekly Forecast – 14 November – 18 November

Events that marked the week:

From Eurozone on Monday, German Factory Orders and Eurozone Retail Sales figures were published. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in September 2016 a seasonally and working-day adjusted 0.6% on August 2016. For August 2016, revision of the preliminary outcome resulted in an increase of 0.9% compared with July 2016 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in September 2016 a seasonally and working-day adjusted 1.0% on August 2016.

In September 2016 compared with August 2016, the seasonally adjusted volume of retail trade fell by 0.2% in both the euro area (EA19) and the EU28, according to estimates from Eurostat. The 0.2% decrease in the volume of retail trade in the euro area in September 2016, compared with August 2016, is due to falls of 1.0% for non-food products and of 0.3% for automotive fuel, while “Food, drinks and tobacco” rose by 0.6%. In the EU28, the 0.2% decrease in the volume of retail trade is due to a fall of 0.7% for non-food products, while automotive fuel remained stable and “Food, drinks and tobacco” rose by 0.5%.

 

This week markets will be looking at:

 

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

Flash GDP (Tuesday 11:00)

Final CPI (Thursday 11:00)

Last modified on Saturday, 12 November 2016
More in this category: « GBP/USD Weekly Forecast – 14 November – 18 November AUD/USD Weekly Forecast – 21 November – 25 November »

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