Friday, July 15, 2016

EUR/USD has posted slight gains on Friday

EUR/USD has posted slight gains on Friday, as the pair trades at 1.1150. On the release front, Friday is data-heavy, so we can expect some movement from EUR/USD, especially in the North American session. Eurozone Final CPI posted a small gain of 0.1%, while Core Final CPI climbed 0.9%, as both readings matched the forecast. In the US, we’ll get a look at CPI and Retail Sales reports, as well as the UoM Consumer Sentiment Index. Consumer numbers are critical for economic growth, so the markets will be following the US releases closely. Any unexpected readings could have a strong impact on the movement of EUR/USD.