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EURUSD unchanged as the Eurozone takes two steps forward and one step back

Discussion in 'Market News' started by ForexLive, Jan 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    How are we left after the latest data? EURUSD didn't do anything over the data but let's look at what it all means - Sentiment up - tick - Unemployment down - tick Sentiment continues to improve across the sectors and Europe's consumers are becoming a less miserable bunch. That's not translating into spending with the drop in Nov retail sales. I mentioned in the retails post that sales might improve in Dec, given the PMI's. The holidays are likely to add to that but there's a counter to that argument too. The only negative from the sentiment report was the retail component which fell to 2.8 from 5.6 in Nov. That itself fell from 6.4 in Oct.

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