Euro-Dollar drifts up to 1.0858 (a 0% gain) after closing the previous session at zero .
A good end to the trading week, EUR/USD is up to 1.0858, after closing yesterday at zero. Overall, a 0% move or 10,857 pips this week. (Trade Euro-Dollar with FXTM now).
On the flip side, highly important Crude Oil Inventories data from United States beat analyst expectations of -593,000 with a reading of 8.41 million.
Meanwhile, Euro Zone Consumer Price Index released Wednesday with a figure of 9.2%, while the previous figure was 10.1%. Germany ZEW Economic Sentiment Index came out at 16.9, while a consensus of analysts was expecting -15. Fresh CFTC EUR speculative net positions data from Euro Zone came out at 127,000. United States Existing Home Sales (Dec) came out at 4 million.
Outlook for rest of the week: Positive indicators for the Euro are expected going forward as Germany Business Climate Index is projected to outperform its last figure with 90.2, having previously been at 88.6. The figure will be published Wednesday.
Furthermore, the market is looking at Euro Zone ECB President Lagarde speech is scheduled for Monday. Germany GfK Consumer Climate (Feb) scheduled to come out Tuesday.
