Daily Outlook

FxPro: Midday EURUSD roundup

The dollar index is trading close to 93.65, returned to decline after another failed attempt to grew above 94.00. EURUSD is at 1.1760 and under some pressure after a failed test to gain above 1.1800.

Bullish: Increased demand on stocks markets. Germany Wholesale Price Index rose above expectations on Monday, due to ECB’s Draghi hawkish comments about wages growth in Eurozone.

Bearish: ECB’s the Chief economist Peter Pratt noted that there is nothing new in the comments. Chinese officials warned that it is difficult to continue negotiations whereas the U.S. is putting “a knife to China’s neck.”

Next focus on: U.S. CB Consumer Confidence at 14:00 GMT.

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