EUR Trading Outlook (06-01-2012)
The Euro (EUR) the down trend continued with the major slipping below 1.2800 and staying under the figure for the rest of the trading day. EUR/JPY also continued lower with a test of Y98.50 at lows. The Euro weakness is broad with the EUR/GBP slipping to 0.8250 and EUR/AUD slipped under 1.2450. Looking ahead, Eurozone November Retail Sales forecast at -0.2% vs. 0.4% previously. German November Industrial Orders forecast at -1.7% vs. 5.2% previously.
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