Weekly EUR/USD Outlook: 2017, January 29 - February 05
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, 01-30-2017 at 07:10 AM (911 Views)
Weekly EUR/USD Outlook: 2017, January 29 - February 05
EUR/USD made a move to higher ground but found it hard to continue rising. Will it make substantial falls? GDP and inflation figures stand out in a busy week.
- Spanish Flash GDP: Monday, 7:00. Another growth rate of 0.7% is expected for Q4.
- German CPI: Monday, data from the states during the morning and the final CPI measure is out at 13:00. After 0.7% in December, a drop of 0.5% is on the cards.
- French GDP: Tuesday, 6:30. A stronger growth rate of 0.4% is projected.
- German Retail Sales: Tuesday, 7:00. A bounce is on the cards now: 0.6%.
- French CPI: Tuesday, 7:45. A drop of 0.5% is forecast.
- Spanish CPI: Tuesday, 8:00. Another leap to 2.4% is expected.
- German Unemployment Change: Tuesday, 8:55. A slide of 5K is predicted.
- CPI: Tuesday, 10:00. Headline inflation is expected to continue rising, reaching 1.5%, while core inflation is expected to stand at 0.9% once again.
- GDP: Tuesday, 10:00. This time, output is predicted to increase by 0.4%.
- Manufacturing PMIs: Wednesday morning: 8:!5 for Spain, 8:45 for Italy, the final figure for France at 8:50, final measure for Germany at 8:55 and the final number for the whole euro-zone at 9:00.
- EU Economic Forecasts: Wednesday, 10:00. The European Commission publishes updated economic forecasts twice a year.
- Spanish Unemployment Change: Thursday, 8:00. A rise of 60.2K is estimated.
- ECB Economic Bulletin: Thursday, 9:00. Two weeks after the decision which saw Draghi downing the euro with his downside risks, we get a detailed report about what the Governing Council members had in front of their eyes.
- Services PMIs: Friday morning: 8:15 for Spain, 8:45 for Italy, the final figure for France at 8:50, final measure for Germany at 8:55 and the final number for the whole euro-zone at 9:00.
- Retail Sales: Friday, 10:00. A rise of 0.3% is on the cards.
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