1Finance

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.

1. Eurogroup Meetings: Monday. Progress in Greece’s program, political uncertainty in Germany, Italy, and still in Spain, and Brexit are all on the agenda.
2. Spanish Unemployment Change: Monday, 8:00. A rise of 56.8K in unemployment was quite disappointing in October, despite the seasonal effect.
3. Sentix Investor Confidence: Monday, 9:30.
4. PPI: Monday, 10:00. A more modest rise is likely now.
5. 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.
6. Retail Sales: Tuesday, 10:00. In September, the volume of sales increased by 0.7%, a recovery after two months of drops.
7. GDP (revised): Tuesday, 10:00. A confirmation of the figure is expected now.
8. German Factory Orders: Wednesday, 7:00. We may see a slide for the month of October.
9. Retail PMI: Tuesday, 9:10. The number for October could be slightly higher.
10. German Industrial Production: Thursday, 7:00.
11. French Trade Balance: Thursday, 7:45.
12. German Trade Balance: Friday, 7:00. The high surplus keeps the euro bid.
13. French Industrial Production: Friday, 7:45.

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