EURUSD Fundamental Analysis – December 2nd 2015

Here are the key factors to keep in mind today for Euro trades:

• Eurozone PPI: The Eurozone PPI for October is predicted to decrease by 0.4% monthly and by 3.2% annualized. Forex traders can compare this to the Eurozone PPI for September which decreased by 0.3% monthly and by 3.1% annualized.
• Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for November is predicted to increase by 0.2% annualized and the Eurozone Core CPI by 1.1% annualized. Forex traders can compare this to the Eurozone CPI for October which increased by 0.1% annualized and the Eurozone Core CPI which increased by 1.1% annualized.

Here are the key factors to keep in mind today for US Dollar trades:

• US Domestic Vehicle Sales and Total Vehicle Sales: Domestic Vehicle Sales for November were reported at 14.03 million and Total Vehicle Sales were reported at 18.12 million. Economists predicted a figure of 14.20 million and 18.10 million. Forex traders can compare this to Domestic Vehicle Sales for October which were reported at 14.14 million and Total Vehicle Sales which were reported at 18.12 million.
• US ADP Employment Change: ADP Employment Change for November is predicted at 190,000. Forex traders can compare this to ADP Employment Change for October which was reported at 182,000.
• US Non-Farm Productivity and Unit Labor Costs: Final Non-Farm Productivity for the third-quarter is predicted to increase by 2.2% quarterly and Final Unit Labor Costs by 1.0% quarterly. Forex traders can compare this to the previous Non-Farm Productivity which increased by 1.6%% quarterly and the previous Unit Labor Costs which increased by 1.4% quarterly.
• US ISM New York: The ISM New York for November is predicted at 65.0. Forex traders can compare this to the ISM New York for October which was reported at 65.8.
• US Beige Book: The Beige Book, published by the US Fed, will be released during today and forex traders will receive some key economic insight from this report.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.