Weekly EUR/USD Outlook: 2017, December 03 - December 10
by
, 12-02-2017 at 05:20 PM (1137 Views)
EUR/USD struggled to continue advancing as the dollar found its footing. The upcoming week features a constant stream of data including PMIs, industrial output and more. Here is an outlook for the highlights of this week.
- Eurogroup Meetings: Monday. Progress in Greece’s program, political uncertainty in Germany, Italy, and still in Spain, and Brexit are all on the agenda.
- Spanish Unemployment Change: Monday, 8:00. A rise of 56.8K in unemployment was quite disappointing in October, despite the seasonal effect.
- Sentix Investor Confidence: Monday, 9:30.
- PPI: Monday, 10:00. A more modest rise is likely now.
- Services PMIs: Tuesday morning: 8:15 for Spain, 8:45 for Italy, final French figures at 8:50, final German figures at 8:55 and the final euro-zone numbers at 9:00.
- Retail Sales: Tuesday, 10:00. In September, the volume of sales increased by 0.7%, a recovery after two months of drops.
- GDP (revised): Tuesday, 10:00. A confirmation of the figure is expected now.
- German Factory Orders: Wednesday, 7:00. We may see a slide for the month of October.
- Retail PMI: Tuesday, 9:10. The number for October could be slightly higher.
- German Industrial Production: Thursday, 7:00.
- French Trade Balance: Thursday, 7:45.
- German Trade Balance: Friday, 7:00. The high surplus keeps the euro bid.
- French Industrial Production: Friday, 7:45.
the source