EUR/USD had a positive week, taking advantage of the Fed’s dovish hike and the favorable outcome of the Dutch elections. What’s next? German PPI: Monday, 7:00. A more moderate rate of 0.4% is on the cards.Bundesbank Monthly Report: Monday, 11:00.Jens Weidmann talks: Monday, 16:45. The president of the German central bank, the Bundesbank, speaks in Loerrach and his speech carries more weight this time.Current Account: Wednesday, ...
EUR/USD managed to edge up as the ECB expressed some cautious optimism. Another appearance by Draghi as well as inflation and trade figures stand out in the upcoming week. Mario Draghi talks: Monday, 13:30. The President of the ECB has another opportunity to move the euro.German CPI (final): Tuesday, 7:00.German ZEW Economic Sentiment: Tuesday, 10:00. The all-European figure stood at 17.1 points last time and is expected to hit ...
Reinforcing expectations of an interest rate hike by the Federal Reserve next week, the Labor Department released a report on Friday showing stronger than expected job growth in the month of February. more...
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. Retail PMI: Monday, 9:10.Sentix Investor Confidence: Monday, 9:30.German Factory Orders: Tuesday, 7:00. The volatile indicator is not likely to repeat the big bounce.GDP (revised): Tuesday, 10:00. ...
Euro sellers have struggled to maintain downward momentum since the single currency found support below the 1.06 figure against the US Dollar two weeks ago. Still, overall positioning continues to favor continuation of the long term down trend. From here, a daily close below support in the 1.0518-28 area (November 24 low, 23.6% Fibonacci expansion) exposes the 1.0341-67 zone (December 15 low, 38.2% level). Alternatively, a turn above support-turned-resistance ...
Recent Comments