1Finance

EUR/USD had a volatile week around the US elections and eventually closed lower. Speeches by Draghi, inflation, and GDP data stand. Will the euro continue lower?. Here is an outlook for the highlights of this week.

1. Industrial Production: Monday, 10:00. A drop of 0.9% is on the cards now.
2. Mario Draghi talks: Monday, 15:00. The President of the European Central Bank will speak in Rome, in his home country of Italy. Any comments about the future of the QE program will be closely watched.
3. German GDP: Tuesday, 7:00. Slightly slower growth is expected: 0.3%.
4. Italian GDP: Tuesday, 9:00. Economic output is expected to rise by 0.2%.
5. Flash GDP: Tuesday, 10:00.
6. German ZEW Economic Sentiment: Tuesday, 10:00. Another rise is expected, up to 7.9 points, reflecting more optimism.
7. Trade Balance: Tuesday, 10:00. Thanks to German exports, the euro-zone enjoys a wide surplus. A small squeeze is on the cards for September: 22.3 billion after 23.3 billion in August.
8. CPI (final): Thursday, 10:00.
9. ECB Meeting Minutes: Thursday, 12:30. In the latest ECB meeting in October, the European Central Bank left all policy measures unchanged, but Draghi sounded slightly dovish.
10. German PPI: Friday, 7:00. A rise of 0.3% is expected to follow now.
11. Draghi speaks: Friday, 8:00 Draghi’s second appearance this week could be more meaningful, as he speaks in Frankfurt, where the headquarters of the ECB are located.
12. Current Account: Friday, 9:00. This is expected to grow from 29.7 billion to 31.3 billion this time.
13. Jens Weidmann talks: Friday, 10:30. The President of the German central bank, the Bundesbank, speaks in Frankfurt, in the same event as Draghi.

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