EUR/USD tumbled down, mostly on the German elections. Has the pair changed its course or is it only a correction? The first week of Q4 features the ECB meeting minutes and PMIs among other events. Here is an outlook for the highlights of this week. Manufacturing PMIs: Monday morning: 7:15 for Spain, 7:45 for Italy, final French figure at 7:50, final German number at 7:55 and the final all-European number at 8:00.Unemployment Rate: ...
Euro area economic recovery is now firm and broad-based, and the latest data suggest that the momentum is set to continue in the period ahead and policymakers are more confident that inflation will converge at the target eventually, European Central Bank President Mario Draghi said Monday. more...
Euro area economic recovery is now firm and broad-based, and the latest data suggest the momentum is set to continue in the period ahead, European Central Bank President Mario Draghi said Monday. more...
EUR/USD suffered under pressure from the US dollar and as the German elections near. Is this just a correction after reaching new highs? Or has the rally peaked? Inflation data and PMIs stand out now. Here is an outlook for the highlights of this week. CPI (final): Monday, 9:00. The numbers will likely be confirmed in the final read.Bundesbank Monthly Report: Monday, 10:00. An upbeat assessment will support Chancellor Angela Merkel. ...
Looking ahead to the coming week, we do not have any major news from the Eurozone but we have the PPI and the CPI data from the US which should tell us about the inflation in the US and give us a hint of when the next rate hike from the Fed would be. With the pair closing the week above 1.20, we believe that the uptrend is still intact but the moves could be much slower than usual as the ECB is clearly uncomfortable with the euro being at these levels ...
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