Tuesday, December 11, 2012

Forex - Economic News & Data Outlook - December 11, 2012

Forex - Economic News & Data Outlook - December 11, 2012

Forex Economic Data 9 October 2012
EUR/USD pushed up yesterday from support at $1.2890 and is testing the levels above $1.2950. The expectations of further monetary stimulus from the Fed weight on the greenback. In addition, euro was supported as Italian Prime Minister Mario Monti played down market fears over his decision to resign, saying there was no danger of a vacuum ahead of an election in the spring. In Europe watch the German ZEW economic sentiment index which may post negative reading for a 7 month in a row. Read more