1Finance

EUR/USD failed to move higher and eventually dropped after the Fed raised rates. Has the trend changed? The second round of the French Parliamentary elections and PMIs stand out. Here is an outlook for the highlights of this week.

1. German PPI: Tuesday, 6:00. This time, a drop of 0.1% is projected.
2. Current Account: Tuesday, 8:00. A narrower surplus of 31.3 billion is expected.
3. ECB Economic Bulletin: Thursday, 8:00. The ECB usually doesn’t provide big surprises in this bulletin, but the data can still move markets.
4. Consumer Confidence: Thursday, 14:00. This time the score is expected to remain unchanged at -3.
5. Flash PMIs: Friday, 7:00 for France, 7:30 for Germany and 8:00 for the whole euro-zone.
6. Belgian NBB Business Climate: Friday, 13:00. A small improvement to -0.8 is predicted now.

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