Daily Forex Preview – 01 December 2014
Guest post by Yury Safronau at Orbex
Black Friday saw very choppy trading across the board as the US markets were open for a shortened trading session. With Friday also being the last trading day of the month, the choppiness was well expected with no significant shifts to the overall bias.
Eurozone CPI came in line with expectations with no major changes as the single currency is now starting to price in possible easing measures to be announced at the ECB’s press conference this week. Jens Weidmann speech saw the Euro rally briefly as yet again the speech was staunchly opposed to any form of sovereign purchases from the ECB. The Euro however failed to capitalize its gains as the EURUSD declined towards the latter part of the day.