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Eurozone Trade Balance surplus at €19 billion

The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2016 was €163.5 billion, an increase of 1% compared with February 2015 (€161.4 bn). Imports from the rest of the world stood at €144.4 bn, a rise of 2% compared with February 2015 (€141.5 bn).  Read more...

Euro area annual inflation at 0.0%

Euro area annual inflation was 0.0% in March 2016, up from -0.2% in February. In March 2015 the rate was -0.1%. European Union annual inflation was also 0.0% in March 2016, up from -0.1% in February. A year earlier the rate 
was -0.1%.  
Read more...

Eurozone Industrial Production decreased by 0.8%

In February 2016 compared with January 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat. Analysts were expecting 0.6% decrease. In January 2016 industrial production rose by 1.9% in the euro area and by 1.5% in the EU28. Read more...

EUR/USD Weekly Forecast - 11 April – 15 April

Euro went back and forth in the course of the last week, with a support around 1.1330 level and resistance above 1.1450 handle. There were no major data releases, so euro just tried to break higher, but struggled above 1.1430 level. With no major data releases from Eurozone next week we would pay attention to US figures. Pair should find some amount of support around 1.13 and 1.1250 handle in extension, while resistive candles near 1.15 handle should offer short-term selling opportunity. Read more...

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