EURUSD remains under pressure. Current quotation is 1.1209.
Strong data on retail in the US slightly reduced the worries about possible aggressive and long-term decrease of the interest rate by the Fed. The indicator grew by 0.4% (calculated monthly) in June, same as the previous month, though the forecasts promised 0.1%.
The Eurozone is preparing the final inflation statistics of June today. It is most probable that the index will remain at 1.2% (calculated yearly), as forecast before. The final calculation of the basic inflation is not going to make any surprises either, promising 1.1% (calculated yearly). These figures are neutral for EURUSD.
The US are preparing the data on the number of the foundations for new houses laid in June; the index could have lowered a bit from 1.27 million to 1.26 million. The real estate market have been more than active lately, and the supposed decline in June can be explained by the seasonal factor. The number of building permits in June could have grown up to 1.30 million against 1.29 million.
Those who keep an eye on oil should pay attention to the DOE weekly data on oil reserves and petroleum products, promising further decline of the parameters. The Fed’s Beige Book is expected in the evening.
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.