05.01.2017 European data ahead of US NFP
act exp prev
| 07:00 | EUR | German Retail Sales (YoY) (Nov) | 4.4% | 2.5% | -0.9% | ||
| 07:00 | EUR | German Retail Sales (MoM) (Nov) | 2.3% | 1.1% | -1.0% | ||
| EUR | German Construction PMI | 53.7 | 53.1 | ||||
| 07:45 | EUR | French Consumer Confidence (Dec) | 105 | 103 | 103 | ||
| 07:45 | EUR | French CPI (MoM) | 0.3% | 0.3% | 0.1% | ||
| 07:45 | EUR | French HICP (MoM) | 0.4% | 0.1% | |||
| 07:45 | EUR | French 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.
Latest posts by K-man (see all)
- #Canada #Employment report preview. - November 5, 2021
- Rotation, ROTATION! - November 24, 2020
- $CNH living on hopium? Big week for the Yuan this. - January 13, 2020