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Tag Archive | "euro zone’s economy"

Significant Economic Factors to Impact the Pair EUR/USD


List of major economic events to affect the trading of the pair EUR/USD for the week ending April 6th, 2012 are as under:

On Monday, April 2nd, purchasing managers’ index for Italy, Germany and France was released in euro zone while the single currency region published its separate report on unemployment rate. Italy also reported its data on new car registration and budget balance. In United States, data on construction spending, unemployment rate, ISM manufacturing and ISM prices paid was reported while US Federal Reserve’s official Pianalto addressed at an event in Ohio regarding US monetary policy.

Today on Tuesday, data on producer price index was reported in the euro zone while United States published its data on factory orders and ISM for New York. Minutes of latest FOMC meeting were also expected in United States today.

On Wednesday, April 4th, 2012, purchasing managers’ index for services sector will be released in Germany, France and Italy while the a separate figure of PMI for composite and services sector will be released in the euro zone. Germany is to report its data on Factory orders while Italy will publish its deficit to GDP ratio. Moreover, data on retail sales is also expected in the euro zone.

In United States, data on domestic vehicle sales, MBA mortgage applications, employment change by ADP, ISM non manufacturing index and data on crude oil, gasoline and distillates inventories by EIA will be published.

On Thursday, April 5th, data on German industrial production will be reported in the euro zone while in United States, several economic indicators will be published which will include, challenger job cuts, data on initial jobless claims, continuing claims and data on natural gas supplies by EIA.

On Friday, April 6th, United States will report its data on unemployment rate, change in household employment, average hourly earnings, change in manufacturing payrolls, change in private payrolls, change in non-farm payrolls and consumer credit.

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Weekly Outlook EUR/USD


Significant events to affect the pair EUR/USD for the week ending March 16th, 2012 are as follows:

On Monday, March 12th, 2012, Germany’s wholesale price index was reported in the euro zone while Italy reported its data on gross domestic product. In United States, monthly budget statement was published.

On Tuesday, March 13th, 2012, data on French consumer price index and current account was reported in the euro zone. Italy also published its data on CPI index while ZEW survey on economic sentiment was published for both the Germany and the euro zone. In United States, data on retail sales and business inventories was reported while NFIB released its data on Small Business Optimism. IBD/TIPP released its data on economic optimism in US. Moreover, US Federal Open Market Committee announced its rate decision.

On Wednesday, data on consumer price index and industrial production will be released in the euro zone. In United States, data on mortgage applications, import price index, current account balance and inventories data by US Department of Energy is to be released. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address to community bankers in Nashville which will be closely watched to get hints for future direction of monetary policy.

On Thursday, March 15th, European Central Bank will publish its monthly report. Italy reported its general government debt while the single current region published its separate data on employment and labor costs. In United States, data on producer price index, initial jobless claims, continuing claims, TIC flows and natural gas inventories data by Energy Information Administration.

On Friday, March 16th, data on Italian trade balance and current account will be published while euro zone will release its separate figure on the region’s trade balance. In United States, data on consumer price index, industrial production and capacity utilization will be released.

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List of Significant Events to Affect Trading of EUR/USD


List of major economic events that have a significant effect on the trading of the pair EUR/USD for the week ending November 18th, 2011 are as follows:

On Monday November 14th, 2011, euro zone reported its official data on the region’s industrial production.

On Tuesday, November 15th, 2011, United States reported its data on retail sales, producer price inflation, business inventories and manufacturing activity in New York State. In euro zone, data on region’s gross domestic product was reported which France and Germany reported their separate figures of GDP. Moreover, ZEW Center for Economic Research will publish a report on Germany’s and euro zone’s economic sentiment.

On Wednesday, November 16th, 2011, report on consumer inflation, industrial production, capacity utilization rate and crude oil inventories will be released in United States. Moreover, the country will also report its data on balance of foreign and domestic investment in long term securities.

In euro zone, official data on consumer price inflation is expected on Wednesday.

On Thursday November 17th, 2011, several reports will published in United States which will include weekly data on jobless claims, data on building permits and manufacturing activity in Philadelphia.

On Friday November 18th, 2011, Germany will report its official figure on producer price inflation.

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Events that have Significant Affect on Trading of EUR/USD


List of major events that have significant affect on trading of EUR/USD for the week ending September 30th, 2011 are as follows:

Yesterday on Monday, report on German business sentiment was published by Ifo Institute of Economic Research in euro zone, while in United States data on new home sales was reported.

Today on Tuesday, Germany published its report on consumer climate while in United States industry data on house prices along with report on consumer confidence was published.

On Wednesday, September 28th, 2011, Germany is to report its data on consumer price inflation whereas in United States, official data on durable goods orders along with report on crude oil inventories will be reported.

On Thursday September 29th, 2011, in euro zone, Germany will publish its data on employment change in the country, In United States, weekly data on initial jobless claims and industry data on pending home sales will be released. U.S. is also expected to release its revised data on second quarter gross domestic product. US Federal Reserve’s Chairman Ben Bernanke will address at a public event and his comments will be closely watched to assess the future direction of monetary policy.

On Friday, September 30th, 2011, euro zone will report its official data on unemployment and consumer price inflation. Moreover Germany will also release its data on retail sales while France will publish its data on consumer spending.

In United States, several reports will be published which include data on personal spending, inflation, data on manufacturing activity in Chicago. Moreover, data on consumer sentiment and inflation expectations will also be reported by University of Michigan.

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US Dollar Gains on Wednesday after Merkel Comments


US dollar gained against the single currency on Wednesday after German Chancellor Angela Merkel again insisted on breaking up the euro zone and issuing of bonds by multiple countries in European Union.  Spanish bond yields surged above 5 percent as the Chancellor opposed the idea of euro bonds.

The euro declined to 1.4422 on Wednesday against the greenback as compared to 1.4427 on Tuesday’s late trading hours. The 17-nations shared currency touched the intraday high of 73.794 on Wednesday.

The dollar index DXY which measures the US dollar’s performance against its major six rival currencies gained to 74.009 as compared to 73.895 on Tuesday’s North American trading session. Against the British Pound the greenback advanced to 1.6384 on Wednesday as compared to 1.6503 on Tuesday’s late trading hours.

However investors are still very uncertain about the greenback and everyone is anxiously looking forward to address of Federal Reserve Chairman Ben Bernanke on Friday. Director of currency research, Kathy Lien from GFT commented, “The dollar has been treading water for the past few days and we expect this tight range to remain in place until Bernanke speaks on Friday.”

The US dollar also surged against the Japanese yen to 77.01 on Wednesday as compared to 76.72 on late Tuesday. The Japanese Yen has also been under pressure as the Moody has reduced its credit rating to Aa3 for Japan.

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List of Major Events to affect the Trading of the Pair EUR/USD


List of major economic events that have significant affect on trading of the pair EUR/USD for the week ending August 19th, 2011 are as follows:

On Monday August 15th, 2011, euro zone didn’t release any economic data as markets in France and Italy were closed in observance for national holidays. In United States official report on manufacturing activity in New York was released, moreover the country also reported its balance of domestic and foreign investment.

On Tuesday August 16th, 2011, initial data on gross domestic product will be reported in euro zone. Moreover the report on trade balance will also be published in the euro zone region. Germany will report its data on economic growth on Tuesday. In United States, official report on building permits along with data on housing starts will be released. Further reports on import prices and capacity utilization rate and industrial production will also be published in United States.

On Wednesday August 17th, 2011, official report on consumer price inflation along with data on current account will be published in euro zone, while in United States report on producer price inflation along with data on crude oil stockpiles will be released.

On Thursday August 18th, 2011, United States will release several key economic reports which include data on initial jobless claims, consumer price inflation existing home sales, manufacturing activity in Philadelphia and natural gas inventories.

On Friday August 19th, 2011, Germany will report its official data on producer price inflation.

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