Euro-Dollar improves slightly to 1.0427, after ending the last session at zero (down 0%) .
A good end to the trading week, EUR/USD is up to 1.0427, after closing yesterday at zero. Overall, a 0% move or 10,426 pips this week. (Trade the Euro with FXTM now).
Uptick comes while some more positive signs for the Euro are out as data for Euro Zone CPI (YoY) (Jun) released today at 9:00 AM comes out at 8.6, beating projections of 8.4 and showing improvement over the preceding figure of 8.1. Germany Unemployment Change (Jun) beats expectations of -6,000 with new data release of 133,000. This is also a step forward from the previous data of -4,000. United States ISM Manufacturing PMI (Jun) published today at 2:00 PM came out at 53, falling short of the 54.9 projections and continuing its decline from the previous 56.1 figure.
Meanwhile, beating their previous number of -15,600, Euro Zone CFTC EUR speculative net positions released -10,600 today at 7:30 PM. Italy CPI (MoM) (Jun) comes out at 1.2, better than analyst estimates of 0.6 and improving upon the previous reading of 0.8.
Outlook for rest of the week: The market is looking forward to the release of new data: Euro Zone Retail Sales (MoM) (May) is projected to rise to 0.3, beating the previous -1.3 figure. Official data is expected Wednesday. Germany Factory Orders (MoM) (May) is projected to outperform its last figure with -1. It previously stood at -2.7, and data will be released Wednesday. Germany Industrial Production (MoM) (May) is expected to come out at 0.3 when it's released Thursday, this is a decline from the preceding data which was 0.7.