Europe Forex Market Update (+video)


Get more insight from the 13 December Europe Forex Market Update, as it is evident that the Fed announcement will overshadow the European calendar, which has German inflation at the start of the session as well as U.K. labour market data. 

13 December, HotForex –Treasury yields declined overnight and Bund futures moved up from lows, suggesting fresh safe-haven demand. The Fed announcement will overshadow the European calendar, which has German inflation at the start of the session as well as U.K. labour market data and Eurozone production and employment numbers.

More importantly, perhaps, the German rate is above the Eurozone rate and as there hasn’t been much progress with regard to economic convergence since the crisis, stronger countries such as Germany may have to be forced to live with a period of above-target inflation to give the weaker countries more time to catch up.

Either way, with wage growth still weak Draghi still has something to argue with as he defends his ongoing asset purchases, although with companies running into capacity constraints today’s numbers will add to pressure from Germany to commit to an end date for QE.

13 December Europe Forex Market Update (+video)

European Market Update – GBP is in focus ahead of Earnings at 09:30.

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This article about 13 December Europe Forex Market Update (+video) was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

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