wrapper

EUR/USD Weekly Forecast - 21 May - 25 May

Saturday, May 19 2018
EUR/USD Weekly Forecast - 21 May - 25 May

EUR/USD had another negative week, falling to the lowest levels in 5 months. PMI figures and the ECB meeting minutes stand out in coming week’s events.

German GDP disappointed with a growth rate of only 0.3% q/q in the first quarter while inflation was confirmed at low levels. Italy moved to the forefront with the formation of a government that plans to cut taxes and spend money, enlarging the debt. More radical plans such as writing down €250 billion of debt were dropped, but markets became jittery and the euro suffered. In the US, 10-year bond yields reached new highs at 3.13%, helping the US Dollar. American data was alright but not outstanding.

Major events in the coming week:

  1. ECB Financial Stability Review:  Monday, 8:00. This report comes after improvements in the situation of Italian banks but the country is about to embark on a new political-economic path.
  2. Flash PMI: Wednesday morning: Data for France at 7:00, for Germany at 7:30, and for the whole euro-zone at 8:00. Manufacturing and Services PMI data for the three is expected to remain close to earlier month’s figures.
  3. Consumer Confidence: Wednesday, 14:00. EuroStat’s survey stood at 0 points in April, a balance between optimism and pessimism. A rise to 1 point is on the cards now.
  4. German GDP: Thursday, 6:00. Expected to confirm the initial read of 0.3% q/q for Q1 2018.
  5. German GfK Consumer Climate: Thursday, 6:00.
  6. ECB Monetary Policy Meeting Accounts: Thursday, 11:30. The European Central Bank did not change its policies in April and refrained from making any announcement. ECB President Mario Draghi described the economic slowdown as a “moderation”. The meeting minutes from that event will provide a look into the deliberations within the Governing Council. The minutes will help shape expectations and will move the euro.
  7. Belgian NBB Business Climate: Thursday, 13:00.
  8. German Ifo Business Climate:  Friday, 8:00. Ifo, Germany’s No. 1 Think-tank, showed a slide in business confidence, to a score of 102.1 points in April. a minor drop to 102 is expected.

(All times are GMT)

More in this category: « GBP/USD Weekly Forecast - 21 May - 25 May AUD/USD Weekly Forecast - 21 May - 25 May »

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.