EUR/USD Weekly Analysis (week of 08-12/06)

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Weekly Summary

EUR/USD slides down from 1.133787 to 1.1233, taking a 104 pips loss (-0.92%)

Germany Trade Balance fall short of the 10.0B projections, with 3.2B and continued its downward trajectory from previous figure of 12.8B. While down from preceding data of 0.4%, France French Non-Farm Payrolls (QoQ) (Q1) is better than expected at -2.0% according to new data released Thursday 5:30 AM

Euro Zone Consumer Price Index is scheduled for Wednesday 9:00 AM. Things might be looking up as Germany Producer Price Index is projected to out perform last figure with -0.3% while it previously stood at -0.7%, data will be released Friday 6:00 AM. Germany German ZEW Current Conditions (Jun) is projected to out perform last figure with -84.7 while it previously stood at -93.5, data will be released Tuesday 9:00 AM.

Jun. 12, 2020

EUR/USD is trading around 1.1233 after starting the session at 1.1301 (down -0.6%)

(19:00) GMT

After a mostly steady session EUR/USD lost 68 pips, closing at 1.1233

While down from preceding data of 0.4%, France French Non-Farm Payrolls (QoQ) (Q1) is better than expected at -2.0% according to new data released Thursday 5:30 AM New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K.

Euro Zone CFTC EUR speculative net positions is scheduled for today at 7:30 PM.
United States CFTC is scheduled for today at 7:30 PM.

Jun. 11, 2020

EUR/USD is trading around 1.1292 after starting the session at 1.1378 (down -0.76%)

(22:00) GMT

EUR/USD remains in the 1.1292 range after starting the session at 1.1378 and dropping 85 pips

While down from preceding data of 0.4%, France French Non-Farm Payrolls (QoQ) (Q1) is better than expected at -2.0% according to new data released today at 5:30 AM United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. France Industrial Production fall short of the -20.0% projections, with -20.1% and continued its downward trajectory from previous figure of -16.2%.

France Index of Consumer Prices is scheduled for tomorrow at 6:45 AM.
Euro Zone Speaks is scheduled for tomorrow at 8:00 AM.

Jun. 10, 2020

New 3 months high for EUR/USD at 1.1387

(23:00) GMT

EUR/USD remains in the 1.1377 range after starting the session at 1.134 and gaining 37 pips

Germany Trade Balance fall short of the 10.0B projections, with 3.2B and continued its downward trajectory from previous figure of 12.8B. New data for Euro Zone Gross Domestic Product was released Tuesday 9:00 AM comes out at -3.1%, beating projections of -3.2% and showing improvement over the preceding figure of -3.2%.

Expectations for France French Non-Farm Payrolls (QoQ) (Q1) are set for a continuation of decline with -2.3% while previous data was -2.3%, data will be released tomorrow at 5:30 AM.
Euro Zone Eurogroup Meetings is scheduled for tomorrow at 10:00 AM.
United States Producer Price Index is projected to out perform last figure with 0.1% while it previously stood at -1.3%, data will be released tomorrow at 12:30 PM.

Jun. 9, 2020

EUR/USD goes back up to Mar, 11 levels, trading at 1.1347

(23:00) GMT

EUR/USD remains in the 1.1339 range after starting the session at 1.1294 and gaining 44 pips

Germany Trade Balance fall short of the 10.0B projections, with 3.2B and continued its downward trajectory from previous figure of 12.8B. Germany Industrial Production fall short of the -7.5% projections, with -17.9% and continued its downward trajectory from previous figure of 0.3%. New data for Euro Zone Gross Domestic Product was released today at 9:00 AM comes out at -3.6%, beating projections of -3.8% and showing improvement over the preceding figure of -3.8%.

Euro Zone Speaks is scheduled for tomorrow at 1:30 PM.
According to projections United States Money Supply are set for a continuation of decline with 0.25% while previous data was 0.25%, data will be released tomorrow at 6:00 PM.

Jun. 8, 2020

EUR/USD is trading around 1.129 after starting the session at 1.1339 (down -0.43%)

(21:00) GMT

EUR/USD remains in the 1.129 range after starting the session at 1.1339 and dropping 48 pips

Germany Industrial Production fall short of the -7.5% projections, with -17.9% and continued its downward trajectory from previous figure of 0.3%. Even though falling short of the projected -22.5, Euro Zone Sentix Investor Confidence (Jun) released earlier shows an improvement to -24.8 from the preceding data of -41.8. Data for France Reserve Assets Total was released today at 6:45 AM suggests a downwards trend with 217,404.0M, while previous data was 219,697.0M

Projections for Germany Trade Balance are set for a continuation of decline with 10.0B while previous data was 12.8B, data will be released tomorrow at 6:00 AM.
Projections for Euro Zone Gross Domestic Product are set for a continuation of decline with -3.8% while previous data was -3.8%, data will be released tomorrow at 9:00 AM.