The EUR/USD will start a new hectic week on Monday with focus still on the debt crisis and the reaction to contain it ahead of critical finance ministers meetings this week.
Investors still watch closely debt auctions and yields and any comments from officials especially after we saw some recovery to the end of the session on Friday on reports from Reuters that the EU will drop the private sector involvement in the permanent mechanism which spread hope in the market.
Germany will start this week at 07:00 GMT with the GFK consumer confidence survey for December, where the confidence is expected to slip slightly to 5.2 from 5.3.
The euro zone will join the session at 09:00 GMT with the M3 money supply for October, with expectations the seasonally-adjusted three-month average could have expanded by 3.1% from 2.6%, while the annual index could have improved 3.4% from 3.1%.
The United States will join the session at 13:00 GMT with the new home sales figures for October, with expectations that the number on new homes sales could retreat to 310 thousands from the previous 313 thousands, while the monthly new home sales index could have dropped by 1.0% from 2.3%.
During the day Germany will release the Consumer Price index second reading for November, where the monthly CPI index is expected to expand by 0.1% from the previous steady reading, while the annual CPI index could have slowed to 2.4% from the previous 2.5%.
Germany will also provide the CPI harmonized indexes for November in a second reading, with expectations the monthly index could have dropped 0.1% from the previous 0.1%, while the annual index is expected lower at 2.8% from 2.9%.
Originally posted here
