Euro-Dollar drifts up to 0.9764 (a 0% gain) after closing the previous session at zero .
Trading week at a glance - EUR/USD is up to 0.9764, after closing yesterday at zero. Overall, a 0% move or 9,763 pips this week. (Start trading Euro-Dollar at FXTM today).
On the flip side, following a previous reading of 88.6, Business Climate Index in Germany released Monday fell short of the 87 figure expected by analysts with an actual reading of 84.3. United States Initial Jobless Claims beat analyst expectations of 215,000 and the previous reading of 209,000 with new data of 193,000.
Meanwhile, Germany Consumer Price Index came out at 10%, while a consensus of analysts was expecting 9.4%. Germany Consumer Price Index released today at 12:00 UTC with a figure of 1.9%, while the previous figure was 0.3%. Italy 10-Year BTP Auction came out at 4.7.
Outlook for rest of the week: Positive indicators for the Euro are expected going forward as Germany Unemployment Change is projected to outperform its last figure with 20,000. It previously stood at 28,000; data will be released tomorrow at 07:55 UTC.
The market is looking forward to the release of new data: Euro Zone Consumer Price Index figure is projected at 9.7%. It previously stood at 9.1%; data will be released tomorrow at 09:00 UTC. France Consumer Price Index is expected tomorrow at 06:45 UTC.