Enjoy this weekend and get some rest, as next week is a new month littered with central bank rate announcements, ending with the ‘granddaddy’ of economic indicators, the US non-farm payroll report. If none of the above releases ‘tickle your fancy’ investors will still have a lot of rhetoric to chew on before deciding on what asset class they wish to covet in the short term.
Draghi and company are expected to keep key interest rates on hold after the -25bp cut in May. The market risk however is that policy makers may be forced to ease monetary policy further, as early as July, if the Euro-region fails to improve or if benign inflation remains too low for too long. Analyst seem to agree if that is the situation, then another -25bp cut in the refi rate would be the most likely approach.
Other data on show will be the second and final reading of the composite purchasing managers index – the release is expected to be unrevised from the preliminary release – revealing a “mildly slower pace of contraction across the private sector.”
On more of the downbeat side of things will be the Euro-zone retail sales (-0.2%), German manufacturing orders (-1%) and production numbers (+0.0%).
Finishing the week will be the detailed Euro-zone GDP release for Q1. This report is expected to confirm that the quarter’s fall in activity was very much reflected as a “broad-based weakness.”
Now that investors have finished with last month-end portfolio rebalancing requirements perhaps this market can get back to trading technical and fundamental data again.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Week In FX Europe – Won'tt Get Easier For EUR Next Week
Published 06/02/2013, 04:20 AM
Updated 07/09/2023, 06:31 AM
Week In FX Europe – Won'tt Get Easier For EUR Next Week
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.