05.01.2017 European data ahead of US NFP

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07:00  EURGerman Retail Sales (YoY) (Nov)4.4%2.5%-0.9%
07:00  EURGerman Retail Sales (MoM) (Nov)2.3%1.1%-1.0%
EURGerman  Construction PMI53.753.1
07:45  EURFrench Consumer Confidence (Dec)105103103
07:45  EURFrench CPI (MoM) 0.3%0.3%0.1%
07:45  EURFrench HICP (MoM) 0.4%0.1%
07:45  EURFrench HICP (YoY) 1.3%1.2%1.2%

As well German retail sales as French Consumer confidence and  y/y CPI beat expectations. The retail sales numbers are pretty volatile but combined with the French numbers beating forecasts,  Euro crosses are in demand rather than EURUSD , where the USD’s been underpinned by higher NFP expectations after Wednesday’s roaring ADP( 250K)
More Eurozone PPI ,PMI and CPI’s to hit the wires this morning so watch crosses . EURGBP  yesterday’s resistance area 0.8920/30 is again to be monitored if we see a similar trend.
EURJPY 135.95/00 to watch as an intermediate support now . A further beat on the EUR data to see a further gradual rise towards the 137.00/500 zone.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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