Inflation data out of Italy and the Eurozone is expected to remain tame which may further encourage the ECB to stimulate the economy. Despite the ongoing global slowdown, the Eurozone trade surplus is anticipated to show a solid print. The EURUSD has steadily advanced from oversold conditions, how will today’s inflation data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Advanced retail sales out of the US will be in focus today as traders want to see if the US consumer was able to continue to support the ailing economy. Despite the economic slowdown, the US consumer remained resilient, borrowed more and spend. Economists expect a minor up-tick in activity. How will this impact the EURUSD? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.