1Finance

EUR/USD managed to tick up amid OK data from Europe and weakness in the US dollar. GDP data stands out in a busier week. Here is an outlook for the highlights of this week.

1. German GDP (preliminary): Tuesday, 7:00. The so-called “locomotive” of the euro-zone has enjoyed a growth rate of 0.6% q/q in the second quarter of 2017. Q3 should be similar.
2. German CPI (final): Tuesday, 7:00. The final read will likely confirm this number.
3. German WPI: Tuesday, 7:00. Prices at the wholesale level eventually reach the consumers.
4. Italian GDP (preliminary): Tuesday, 9:00. The number for Q3 could be better.
5. Flash GDP: Tuesday, 10:00.
6. German ZEW Economic Sentiment: Tuesday, 10:00. The all-European number stood at 26.7 points.
7. Industrial Production: Tuesday, 10:00. A drop is on the cards now.
8. French Final CPI: Wednesday, 7:45. The data will probably be confirmed now.
9. Trade Balance: Wednesday, 10:00. A rise to 21.6 billion was recorded in August and a similar figure is probable now.
10. CPI (final): Thursday, 10:00.
11. Current Account: Friday, 9:00. The 19-country currency bloc had a wide surplus of 33.3 billion euros in August, reflecting a widening surplus. Similar to the narrower trade balance publication, Germany’s contribution is crucial.

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