wrapper

EUR/USD Weekly Forecast - 9 April - 13 April

Saturday, Apr 14 2018
EUR/USD Weekly Forecast - 9 April - 13 April

EUR/USD traded in a narrow range and suffered further losses. There is further evidence that growth in the euro-zone has peaked. German retail sales, factory orders, and industrial output all fell short of expectations. Euro-zone inflation is not going fast either, with core inflation sticking to 1%. In the US, job growth disappointed with only 103K in March, but wages accelerated to 2.7% y/y and other indicators still point to robust growth. Worries about trade have had a minor effect on the pair.

Major events in the coming week:

  1. German Trade Balance: Monday, 6:00. After recording 21.3 billion in January, a wider surplus of 23.1 is projected for February.
  2. Sentix Investor Confidence: Monday, 8:30. The expansive survey of around 2800 investors. Following a drop from 30 points to 24 in March, another drop to 21.2 is expected.
  3. French Industrial Production: Tuesday, 6:45. After recording a big drop of 2% in its industrial output back in January, a bounce of 1.5% is on the cards for the February report.
  4. Mario Draghi talks Wednesday, 11:00. The ECB President, in a conference in Frankfurt will have an opportunity to respond to the growing signs of a slowdown in the euro-zone.
  5. French Final CPI: Thursday, 6:45.
  6. Industrial Production: Thursday, 9:00. After a dip of 1% in January, a 0.1% rise is projected.
  7. ECB Meeting Minutes: Thursday, 11:30. These are minutes from the ECB’s meeting in March, where forecasts were unchanged and Draghi downplayed his slightly more hawkish stance.
  8. Jens Weidmann talks Thursday, 16:00. The President of the German Bundesbank and the leading candidate to replace Draghi at the helm of the ECB will speak in Berlin. Weidmann is a hawk that supports raising rates in about a year.
  9. German Final CPI: Friday, 6:00. The flash estimate of Germany’s GDP came out slightly below expectations at 0.4% m/m. The final read is expected to confirm this figure.
  10. Trade Balance: Friday, 9:00. The euro zone’s trade surplus for January was slightly lower than usual but still high in absolute terms: 19.9 billion. A small rise to 20.2 billion is projected.

(All times are GMT)

More in this category: « AUD/USD Weekly Forecast - 9 April - 13 April AUD/USD Weekly Forecast - 16 April - 20 April »

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.