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.