1Finance

EUR/USD was on the back foot after Draghi managed to drag the euro down and as the greenback recovered. The week ahead consists of French parliamentary elections, an important German survey, the Eurogroup meetings and more.

1. French Parliamentary elections: Sunday, results due before markets open.
2. German WPI: Tuesday, 6:00. A slower increase of 0.2% is projected now.
3. German ZEW Economic Sentiment: Tuesday, 9:00.
4. German CPI (final): Wednesday, 6:00.
5. Employment change: Wednesday, 9:00. This quarterly figure comes a bit late, closer to the end of the following quarter.
6. Industrial output: Wednesday, 9:00.
7. French CPI (final): Thursday, 6:45.
8. Trade balance: Thursday, 9:00. We now get the data for April which is projected to show 22.4 billion.
9. Eurogroup meetings: From Thursday afternoon and sometimes late into the night. The group of euro-zone finance ministers convenes and Greece tops the agenda.
10. CPI (final): Friday, 9:00. The preliminary data for the Euro-zone was disappointing: a drop of headline inflation to 1.4% and core inflation fell to 0.9% after hitting the highest level since 2013 back in April. The numbers will probably be confirmed now.

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