EUR/USD Forecast January 20, 2012, Fundamental Analysis

EUR/USD Forecast January 20, 2012, Fundamental Analysis
EUR/USD Forecast January 20, 2012, Fundamental Analysis
The EUR/USD pair ended a bullish session once again, where the pair gained sharply yesterday after the successful bond auctions from France and Spain, which witnessed lower yields and stronger demand, and in result markets rebounded on the data as investors were tracking the yields and demand for the longer-term maturities.

Today, with the lack of major fundamentals from the world’s largest economy and the euro-area region, markets are expected very volatile, while heavy fluctuations and downside corrections are highly possible, especially when this week comes to an end and no auctions are due today.

Germany is due to release the Producer Price Index report for December at 07:00 GMT which is expected to hold at 0.1% rise on the month and on the year ease to 4.6% from 5.2%.

The United States is set to end the week with the Existing Home Sales for the month of December at 13:00 GMT where they are expected to extend the gain with 5.2% to 4.65 million from 4.42 million.

 

Leave a Reply

Your email address will not be published. Required fields are marked *