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EUR/USD Weekly Forecast – 17 April – 21 April

Sunday, Apr 16 2017
EUR/USD Weekly Forecast – 17 April – 21 April

Events that marked the week:

Tuesday's session brought ZEW Economic Sentiment for Germany and Eurozone. The ZEW Indicator of Economic Sentiment for Germany increased substantially by 6.7 points in April 2017. The indicator now stands at 19.5 points, thereby reaching its highest level since August 2015. Though the long-term average as calculated from the beginning of the survey (December 1991) is yet to be beaten, these results are comparable to the expectations prior to the Brexit vote in June 2016.

The financial market experts' expectations regarding economic development in the Eurozone improved slightly in April by 0.7 points, bringing the expectation indicator up to a current level of 26.3 points. Meanwhile, the indicator for the current economic situation in the Eurozone has once again improved fairly significantly in April. At 11.5 points, it now stands 4.1 points higher than in March. This is the highest level since May 2008.

 

This week markets will be looking at:

 

Final CPI (Wednesday 11:00)

French Flash Manufacturing PMI/French Flash Services PMI (Friday 9:00)

German Flash Manufacturing PMI/German Flash Services PMI (Friday 9:30)

More in this category: « GBP/USD Weekly Forecast – 17 April – 21 April AUD/USD Weekly Forecast – 24 April – 28 April »

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