EUR News

2015-05-22 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German GDP]

• past data is 0.3%
• forecast data is 0.3%
• actual data is 0.3% according to the latest press release

if actual > forecast (or previous data) = good for currency (for EUR in our case)
[EUR - German GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
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EURUSD M5: 24 pips price movement by EUR - German GDP news event:

"The German economy continued to grow at a slightly slower pace. As the Federal Statistical Office (Destatis) already reported in its first release of 13 May 2015, the gross domestic product (GDP) increased 0.3% - upon price, seasonal and calendar adjustment - in the first quarter of 2015 compared with the fourth quarter of 2014. A marked increase of +0.7% was recorded in the last quarter of 2014, as reported earlier. For the entire year of 2014, GDP values did not change as compared with the figures published so far (+1.6%)."

A measure of future economic activity in Germany rose for a fifth consecutive month in March on widespread strength among components, signalling that the growth momentum could improve in coming months, survey figures from the Conference Board revealed Wednesday.

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2015-05-28 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]

• past data is 275K
• forecast data is 271K
• actual data is 282K according to the latest press release

if actual < forecast (or previous data) = good for currency (for USD in our case)

[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

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"In the week ending May 23, the advance figure for seasonally adjusted initial claimswas 282,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 274,000 to 275,000. The 4-week moving average was 271,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 266,250 to 266,500."

"The advance seasonally adjusted insured unemployment ratewas 1.7 percent for the week ending May 16, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending May 16 was 2,222,000, an increase of 11,000 from the previous week's unrevised level of 2,211,000. The 4-week moving average was 2,221,250, a decrease of 8,500 from the previous week's unrevised average of 2,229,750. This is the lowest level for this average since November 25, 2000 when it was 2,211,250."

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EURUSD M5: 50 pips range price movement by USD - Unemployment Claims news event :

Euro zone inflation was higher than expected in May, data showed on Tuesday, as consumer prices started rising again after five months of falls and stagnation despite a continued strong drag on the index from cheaper energy.

The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.3 percent year-on-year last month after a flat reading in April, beating market expectations of a 0.2 percent increase.

The Eurostat estimate does not contain monthly data, but the annual data showed that more expensive unprocessed food and services had the biggest upward impact on the overall index.

Excluding the volatile energy prices, which were 5 percent lower in May than 12 months earlier, consumer prices rose 1.0 percent.

Excluding energy and unprocessed food -- or what the European Central Bank calls core inflation -- prices were up 0.9 percent, accelerating from 0.7 percent in April.

The inflation rebound could mean that the ECB's sovereign bond buying program, aimed at injecting more cash into the economy to prevent deflation and started in March, has brought rapid results.

But prices at factory gates in April, however, fell 0.1 percent month-on-month for a 2.2 percent year-on-year decline, weaker than market expectations of a 0.1 percent monthly rise and a 2.0 percent annual fall.

Producer prices are an indication of inflationary pressure early in the pipeline, because unless their changes are absorbed by retailers via profit margins, they tend to translate into consumer prices.

Source : Reuters

Both Greece and its creditors need to intensify efforts to reach a strong and comprehensive agreement soon, but it is now the Greek government's turn to respond with necessary steps to reach a solution, European Central Bank President Mario Draghi said Monday.

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Germany's investor sentiment weakened for a third straight month in June to its lowest level in seven months as fears of a 'Grexit' intensified. The ZEW Indicator of Economic Sentiment fell more-than-expected to 31.5 from 41.9 in May, survey data from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday.

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Greece and its creditors are sticking to their guns as they enter the final act of the drama surrounding the bailout negotiations, but optimism concerning materialization of a deal prevails even as the economic situation rapidly deteriorates. In some relief for Greece, the European Central Bank raised the the emergency liquidity assistance for Greek banks by EUR 3.3 billion on Friday.

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Hopes of an agreement between Greece and its creditors later this week have increased after Athens submitted a revised economic reform proposal early Monday to which the Eurogroup have responded with optimism, suggesting that an end to a five-month long deadlock over releasing bailout aid to the cash-strapped country may be near.

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Fresh reform proposals submitted by Greece on Monday are being scrutinized by the country's creditors to weigh the scope for reaching an agreement in the Eurogroup meeting set for Wednesday, while 'Grexit' worries refuse to die down as voices of dissent are heard in Athens even from within the ruling party, over more concessions being offered.

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Even as disheartened Greeks queued up in front of ATMs over the weekend in an attempt to extract their cash, European leaders on Monday urged them to vote 'yes' in the upcoming referendum on the bailout, stressing that it was in the country's interest that it remains in the euro area.

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