EUR/USD Weekly Forecast - 29 December - 02 January

Events that marked the week:

From Eurozone, on Tuesday, only minor importance French Industrial Production data was released. In November 2014, household expenditure on goods in France increased by 0.4% in volume, after a decrease of 0.8% in October. Analysts were anticipating smaller increase by 0.2%. This rise was mainly due to purchases of textile, clothing and leather (+2.4% after +3.0% in October) and expenditure on energy products (+0.8% after –6.0% in October), purchases of manufactured goods were almost stable (+0.1% after +0.2%).

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Euro lower amid Boxing Day trading

Euro is traded lower in a tighter-range Friday's session with some of the European banks being closed in observance of Boxing Day holiday. Euro remains under pressure as Eurozone economy is far from exit gates of recession and with growth rate slowing down even in Germany. Deflation concerns persist, with inflation at only 0.3%, far away from ECB 2% target despite all the monetary measures, which means that we could be seeing another round of additional monetary stimulus quite soon.

EUR/USD Daily Forecast - 26 December

It was a steadier session for euro as some of the largest European banks were closed in observance of Christmas Eve holiday and without any data releases from Eurozone. Euro remains under pressure as Eurozone economy is far from exit gates of recession and with growth rate slowing down even in Germany. Deflation concerns persist, with inflation at only 0.3%, far away from ECB 2% target despite all the monetary measures, which means that we could be seeing another round of additional monetary stimulus quite soon.

Euro slightly up in a quite holiday season trade