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enjoyed the low liquidity to shoot higher, but this was short lived. Retail and manufacturing PMI’s, Spanish Unemployment Change and M3 Money Supply are the main market movers this week. Here is an outlook on the major events at the year’s end and the beginning of 2014 and an updated technical analysis for EUR/USD.
Last week, French Consumer Spending edged up 1.4% in November, beating predictions for a 0.3% rise the first gain in : The markets are not used to seeing strong numbers out of France, so Tuesday’s data was unexpected good news. Also the US experienced positive data, before and after Christmas, seemingly justifying the decision of the Fed to taper before Christmas. Can the turn of the year bring more excitement? Let’s start,
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