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Weekly EUR/USD Outlook: 2017, January 29 - February 05

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by , 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.

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  1. Spanish Flash GDP: Monday, 7:00. Another growth rate of 0.7% is expected for Q4.
  2. 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.
  3. French GDP: Tuesday, 6:30. A stronger growth rate of 0.4% is projected.
  4. German Retail Sales: Tuesday, 7:00. A bounce is on the cards now: 0.6%.
  5. French CPI: Tuesday, 7:45. A drop of 0.5% is forecast.
  6. Spanish CPI: Tuesday, 8:00. Another leap to 2.4% is expected.
  7. German Unemployment Change: Tuesday, 8:55. A slide of 5K is predicted.
  8. 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.
  9. GDP: Tuesday, 10:00. This time, output is predicted to increase by 0.4%.
  10. 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.
  11. EU Economic Forecasts: Wednesday, 10:00. The European Commission publishes updated economic forecasts twice a year.
  12. Spanish Unemployment Change: Thursday, 8:00. A rise of 60.2K is estimated.
  13. 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.
  14. 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.
  15. Retail Sales: Friday, 10:00. A rise of 0.3% is on the cards.


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