wrapper

EUR/USD Weekly Forecast – 06 February – 10 February

Sunday, Feb 05 2017
EUR/USD Weekly Forecast – 06 February – 10 February

Events that marked the week:

From Eurozone, on Monday, Spanish GDP and German CPI figures were released. The Gross Domestic Product (GDP) generated by the Spanish economy shows a variation of 0.7% in the fourth quarter of 2016 compared to the previous quarter, according to estimation of quarterly GDP. This rate is similar to that recorded in the quarter previous.  The annual variation of GDP in the fourth quarter of 2016 stands at 3.0%, two tenths lower than in the third quarter (3.2%). By the temporary aggregation of the four quarters, the growth in volume of GDP in the year 2016 is estimated at 3.2%.

The inflation rate in Germany as measured by the consumer price index is expected to be +1.9% in January 2017. A similarly high rate of inflation was last measured in July 2013 (+1.9%). Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to decline by 0.6% on December 2016.

 

Tuesday brought Eurozone CPI figures. Euro area annual inflation is expected to be 1.8% in January 2017, up from 1.1% in December 2016, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (8.1%, compared with 2.6% in December), followed by food, alcohol & tobacco (1.7%, compared with 1.2% in December), services (1.2%, compared with 1.3% in December) and non-energy industrial goods (0.5%, compared with 0.3% in December).

 

This week markets will be looking at:

 

German Factory Orders (Monday 8:00)

More in this category: « GBP/USD Weekly Forecast – 06 February – 10 February AUD/USD Weekly Forecast – 13 March – 17 March »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.