U.S. data headlines slow day for the economic calendar. Meanwhile, dig into the 28 December EURUSD Fundamental Analysis.
28 December, OctaFX –A steady stream of US economic data will headline an otherwise uneventful day for the global financial markets on Thursday. Trade volumes are expected to remain muted ahead of the new year.
There are no major data releases scheduled for Europe on Thursday. At 09:00 GMT, the European Central Bank (ECB) will release its Economic Bullet, which is published two weeks after the central bank’s Governing Council meeting. The ECB is embarking on a long path to policy normalization, beginning first by reducing the pace of monthly bond purchases.
In the United States, the Commerce Department will get the ball rolling at 12:30 GMT with a report on the goods trade balance. The November deficit is expected to dip to $67.6 billion from $68.3 billion the month before.
28 December EURUSD Fundamental Analysis
Europe’s common currency retreated from three-week highs on Wednesday, a sign that investors were booking profits after the sharp rally. The EUR/USD was last seen trading at 1.1900, where it was little changed compared to the previous close.
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