Eur/usd
The*volatility*stemming from the recent developments in the Middle East appears mitigated in the second half of the week, particularly after Wednesday’s speech by President Trump.
The subsequent rally in the riskier assets is motivating spot to rebound from yearly lows in the vicinity of 1.1100 the figure seen on Wednesday, shifting its focus at the same time to the key 200-day SMA in the 1.1140 region.
Data wise in Germany, the poor momentum in the industrial/manufacturing sector saw some respite in November after the Industrial Production expanded 1.1% from a month earlier. Still in Germany, the trade surplus shrunk to €18.3 billion (from €20.4 billion) during the same period. Later in the day the unemployment figures in the broader Euroland are due for release.