The Euro: the us Yields will support

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On Friday, 11 December, buyers were unable to hold above of 1.15. On the American session, the Euro fell against the US dollar to 1,1458. The dollar index rose 30 minutes after the publication of inflation data in the United States. Inflation indicators were in line with market expectations. They were ignored by the market at the time of publication. The fall of the Euro could provoke a technical factor before the weekend — the breakdown of the trend line.
In the Asian session, the Euro balances in positive territory. Slightly to recover the price he was helped by report China’s foreign trade (growth of risk-weighted assets). Because of the trade war has significantly decreased imports, which has led to an increase in the trade surplus. The strengthening of the Euro against the dollar was quite modest as the export performance has been extremely disappointing. Import smoothed the sharp corner.
Курс евро: Доходность американских облигаций окажет поддержку
Monday according to the forecast, I consider the restoration of prices to 1,1512. Growth waiting with by 1.1450 after upgrading low. The yield on 10-year U.S. bonds in the latest quotations began to decline sharply. For the Euro is a positive factor. The crosses with the Euro, except for EURJPY came out, too.
At 13:00 GMT the Euro zone will report on the change in the volume of industrial production for November.
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Vladislav Antonov,
Analyst of information and analytical center,
Alpari