1Finance

EUR/USD was under some pressure on the ongoing crisis in Catalonia. The upcoming week is dominated by the all-important ECB decision. What will be the new size of the QE program? Here is an outlook for the highlights of this week.

1. German Buba Monthly Report: Monday, 10:00.
2. Consumer Confidence: Monday, 14:00. The official measure of inflation by Eurostat got very close to reaching a balanced level of 0, but remains in negative numbers. At -1 seen in September, consumer confidence appears to be mildly pessimistic. A similar level is on the cards now.
3. Flash PMIs: Tuesday morning: 7:00 for France, 7:30 for Germany and 8:00 for the whole euro-zone.
4. German Ifo Business Climate: Wednesday, 8:00. IFO is Germany’s No. 1 Think-tank.
5. German GfK Consumer Climate: Thursday, 6:00.
6. Spanish Unemployment Rate: Thursday, 7:00. The fourth-largest economy suffered from the crisis in Catalonia, but this will not appear in the quarterly unemployment rate for Q3. In Q2, it stood at a whopping level of 17.2%, yet this is much lower than the peak of above 27% seen in the worst years.
7. Monetary data: Thursday, 8:00.
8. Rate decision: Thursday, the decision is at 11:45, press conference at 12:30.

the source