1Finance

EUR/USD struggled but eventually chose the lower end of the range, due to USD strength. Will it totally break down or drift back up? The big event of the week is undoubtedly the ECB decision, which also consists of new forecasts.

1. Retail PMI: Monday, 9:10.
2. Sentix Investor Confidence: Monday, 9:30.
3. German Factory Orders: Tuesday, 7:00. The volatile indicator is not likely to repeat the big bounce.
4. GDP (revised): Tuesday, 10:00.
5. German Industrial Production: Wednesday, 7:00.
6. French Trade Balance: Wednesday, 7:45.
7. Rate decision: Thursday: decision at 12:45, press conference at 13:30. Draghi would prefer to keep the euro low and not to talk about tapering or ending QE. The ECB currently buys 80 billion euros per month, but the amount will be reduced to 60 billion from April and set to run until the end of the year. See the full ECB preview: acknowledging reality or playing it down?
8. German Trade Balance: Friday, 7:00.
9. French Industrial Production: Friday, 7:45.

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