EURUSD Fundamental Drivers Outlook


The 11 December EURUSD Fundamental Drivers Outlook shows that investors are focused on a series of upcoming monetary policy meetings from around the world this week.

11 December, OctaFX – The global financial markets will be off to a slow start on Monday, as a dearth of economic data will keep investors focused on a series of upcoming monetary policy meetings from around the world.

At 09:00 GMT, the Italian government will release its monthly retail sales report for October. Receipts at retail stores rose 0.9% during the previous month for an annualized gain of 3.4%.

At 11:00 GMT, Portugal will report on its global trade balance for October. The country reported a deficit of €3.543 billion in September.

In North America, the US Labor Department will release the latest JOLTS job openings data for October. The report provides a snapshot of job openings in the world’s largest economy, which is seen as an important proxy for job vacancies.

11 December EURUSD Fundamental Drivers Outlook

Europe’s common currency consolidated Monday after a week of sharp declines. The EUR/USD was last seen trading at 1.1782 for a gain of 0.1%. All eyes will be on monetary policy this week, as both currencies will be highly sensitive to announcements made by the Fed and ECB.

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