The Euro can’t decide where to move. Overview for 13.04.2017
On Thursday, the main currency pair is staying close to 1.0620; the market is unable to assess current risks.
In the afternoon, the EUR/USD pair continues trading as indistinctly as it did in the morning. The current quote for the instrument is 1.0620.
Today’s statistics from Germany indicated that the Final CPI expanded by 0.2% m/m. The same indicator in France added 0.6% m/m. Both readings matched expectations.
The evening statistics from the USA seems rather mixed. The PPI lost 0.1% m/m in March, although it wasn’t expected to change. In February, the indicator added 0.3% m/m. The Core PPI didn’t change in March against the expected reading of +0.2% m/m.
The Initial Jobless Claims of April 8th impressed – the indicator was 234K against the expected reading of 245K. however, the indicator volatility week by week doesn’t mean any serious risks, because labor market is pretty stable.
In the late afternoon, the USA are going to publish another significant report, the Preliminary Michigan Consumer Sentiment in April. Expectations imply the indicator to grow up to 97.1 points against the March reading of 96.9 points.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.