1Finance

EUR/USD was under pressure once again, dropping for the second week in a row. The upcoming week’s highlight is a speech by Mario Draghi. Here is an outlook for the highlights of this week.

1. German Industrial Production: Monday, 6:00.
2. Sentix Investor Confidence: Monday, 8:30. This 2800 strong survey has stabilized on high ground in recent months. Back in September, it reached 28.2 points. Another small rise to 28.6 is on the cards for October.
3. German Trade Balance: Tuesday, 6:00. German exports keep its trade balance positive. In July, the country recorded a surplus of 19.5 billion, slightly below expectations. A surplus of 20.1 billion is expected now.
4. French Industrial Production: Tuesday, 6:45. The second-largest economy in the euro-zone saw its industrial output rise by 0.5% in July. The same rate is expected now.
5. French CPI (final): Thursday, 6:45. This is the final read for September. The drop of 0.1% that was originally reported will likely be confirmed in the final read.
6. Industrial Production: Thursday, 9:00. The euro-zone saw a modest growth in in its industrial production in July: 0.1%. A higher growth rate of 0.6% is on the cards now, but it is important to note that expectations may change after both Germany and France release their own numbers.
7. Mario Draghi talks: Thursday, 14:15. The President of the European Central Bank will participate in a panel in Washington. Draghi has an opportunity to hint about the upcoming ECB meeting, where a decision on reducing QE is expected. In early September, Draghi complained about the exchange rate, over and over again. While the markets ignored him at the time, EUR/USD is some 300 pips lower since then. Will he lower his tone about the euro? He may also be asked about the latest political developments, but will probably dodge these questions.
8. German CPI (final): Friday, 6:00.Germany reported a small rise in price in September, 0.1%. The final read will likely confirm the initial one.

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