What Developments Will The Eurozone Bring? - Weekly Report
There is little in the way of market-moving news on Monday the 12th, but our analysts say they are watching oil prices, which have been following a rapidly declining trend since the beginning of December 2014. As the oil prices fall, the USD strengthens against its rival, the Euro.
Moving onto Tuesday, at 09.30, the UK releases annual inflation data for December, previously at the level of 1.2 percent, and a closely-watched indicator of economic health. Last week, Bank of England continued sitting on the fence and decided against increasing interest rates, obviously believing that economic growth is not yet strong enough.
On Wednesday, the US announces Retail Sales for the month of December at 13.30, previously at the level of 0.7 percent on a yearly basis. There could be an upside surprise in store for retail sales growth, given that lower oil prices are driving better consumer sentiment.
Thursday brings an early trading opportunity for AUD traders, when Australia releases its Unemployment Change for December at half-past midnight. This was previously at the level of 42,700 new jobs added, and Australia’s current Unemployment Rate is 6.3 percent.
Finally, for Friday, the Eurozone is in focus, with December’s Consumer Price Index numbers released at 10.00 in the morning, and with deflation being a current source of concern in the EU, there will be intense focus on this release. On an annual basis, CPI was previously at the level of 1.3 percent.
Thanks for watching Ahead of the Week Report from Banc De Binary’s Trading Room research team. Wishing you successful trading.
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