OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD could get some support from US data – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen sees the pair could gather extra wings on disappointing US data.

Key Quotes

“Today’s focal point of EUR/USD is the US CPI release today. Five out of the past six months, US CPI has disappointed consensus immediately, sending EUR/USD 50-60pips higher on every occasion”.

“If we are right in looking for a slight disappointment in the release today, we could see a spike in EUR/USD. In addition, we note that concerns about a tighter market for USD over year-end have subsided a bit leading to a slight narrowing of the EURUSD CCS, adding further near-term support to EUR/USD”.

France Inflation ex-tobacco (MoM) came in at 0.1%, above forecasts (-0.2%) in October

France Inflation ex-tobacco (MoM) came in at 0.1%, above forecasts (-0.2%) in October
Read more Previous

When are UK Jobs and how could they affect GBP/USD?

UK Jobs report overview The UK labor market report is expected to show that the number of people seeking jobless benefits increased by 2.3k in the th
Read more Next
Start livechat