Weekly outlook for the pair EUR/USD for the period ending June 15th, 2012 is as under:
On Monday, France reported its data on industrial production and manufacturing production in the euro zone. Italy also reported its official figures on gross domestic product. In United States, US Federal Reserve’s officials, Lockhart and Williams gave an address on US economy in Chicago and San Francisco respectively.
On Tuesday, June 12th, 2012, France reported its data on non-farm payrolls while Germany published its outlook on manpower employment for the third quarter. The European Central Bank also released its financial stability review on Tuesday. United States came up with data on import price index, NFIB small business optimism and economic optimism. US monthly budget statement was also presented while the US Fed’s official Tarullo spoke on shadow banking in San Francisco.
On Wednesday, June 13th, 2012, data on consumer price index is expected in the Germany while the euro zone is to release its data on industrial production. In United States, several reports will be published including data on MBA mortgage applications, advance retail sales, producer price index and business inventories. The Energy Information Administration is also expected to report its inventories report on crude oil, gasoline and distillates.
On Thursday, June 14th, 2012, Germany will report its data on wholesale price index while Italy will produce its data on general government debt. Data on labor costs and consumer price index will be published for the euro zone while the European Central Bank will release its monthly report for June. In the United States, data on initial jobless claims, current account balance, continuing claims, consumer price index and natural gas supplies data by EIA will be published.
On Friday, June 15th, in euro zone, data employment, trade balance and new cars registrations is expected. United States will come up with data on long term TIC flows, manufacturing data, capacity utilization, industrial production and confidence index by University of Michigan.
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