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This is a discussion on EUR News within the Analytics and News forums, part of the Trading Forum category; Last week’s video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again ...

      
   
  1. #561
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    Euro Forecast: Outlook for EUR/USD Still Bearish

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    • Last week’s video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again highlighted the slow pace and complexity of decision making by the bloc’s leaders.
    • Combined with a crash in IHS Markit’s composite purchasing managers’index for the Eurozone in April to 13.5, by far its lowest reading since the survey began in mid-1998, it’s hard to see anything other than a further decline in the Euro.


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    Euro Forecast: EUR/USD Outlook Positive

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    The European Central Bank will likely boost its Pandemic Emergency Purchase Program at Thursday’s meeting of its Governing Council; a move that could give the Euro a lift.

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    Eurozone Jobless Rate Rises In April

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    The euro area unemployment rate increased in April as member countries implemented coronavirus, or Covid-19, containment measures, data from Eurostat showed Wednesday.

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    German Investor Confidence Rises At Record Pace: Ifo

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    Germany's investor confidence rebounded at record rate in June as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, survey data from the ifo institute showed on Wednesday.

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    Germany's Inflation Rises Unexpectedly In June

    German inflation rose unexpectedly in June from a 45-month low, preliminary data from Destatis revealed Monday.

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    Bundesbank Sees German Economic Recovery Continuing In H2 Supported By Stimulus

    Germany's economy shrank at a record pace in the second quarter, but recent indicators suggest activity increased significantly in recent weeks and the recovery is likely to continue in the second half of the year supported by the fiscal stimulus, Bundesbank said in its monthly report on Monday.

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    Spain Jobless Rate Rises In Q2

    Spain's unemployment rate increased for the second straight time as the lockdown to contain the spread of the coronavirus weighed heavily on the labor market, data from the statistical office INE showed Tuesday.

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