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Tag Archive | "European Central Bank"

EUR/USD Outlook for the Week Ending September 28th


Major factors to affect the trading of the EUR/USD for the week ending September 28th, 2012 are as under:

On Monday, September 24th, 2012, data on IFO business climate, expectations and current assessment was reported in Germany. United States came up with data on manufacturing activity while US Federal Reserve’s official Williams addressed at event at City Club of San Francisco.

On Tuesday, September 25th, 2012, data on Gfk consumer confidence survey was published in Germany while France reported its data on production outlook indicator, business confidence indicator and own company production outlook. In Italy data on consumer confidence and hourly wages was published while the Italy’s central bank auctioned its bonds to be matured in 2014, 2016 and 2021. Moreover, ECB President, Mario Draghi and German Chancellor Angela Merkel met to discuss region’s monetary issues.

In United States, S&P/Case-Shille home price index along with Richmond Fed manufacturing index was released. United States also released its data on consumer confidence while US Federal Reserve’s official Plosser also spoke on economic outlook in Philadelphia.

On Wednesday, Germany reported its data on consumer price index. United States published its report on new home sales and MBA mortgage applications while the Energy Information Administration released its inventories data on crude oil, gasoline and distillates.

On Thursday, September 27th, Germany will report its data on import price index, unemployment rate, unemployment change and M3 money supply while in the euro zone, figures on services confidence, business climate indicator, economic confidence, industrial confidence and consumer confidence will be reported.

United States will report its data on continuing claims, core personal consumption expenditure, gross domestic product, personal consumption, initial jobless claims, durable goods orders, pending home sales and preliminary benchmark revision to establishment employment. The EIA will also report its data on natural gas supplies.

On Friday, September 28th, 2012, France is expected to release its data on gross domestic product, retail sales and consumer prices index estimate. In United States, data on personal consumption expenditure, personal spending, personal income, purchasing managers’ index and confidence index by University of Michigan will be released.

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EUR/USD Outlook for the Week Ending September 7th


Important economic events to affect the pair EUR/USD for the week ending September 7th, 2012 are as follows:

On Monday, September 3rd, markets remained closed in United in observance of Labor Day while in euro zone, Italy, Germany and France reported their data on purchasing managers’ index for manufacturing sector while a separate PMI was released for the single currency region.

On Tuesday, September 4th, 2012, data on producer price index was released in the euro zone while United States came up with data on purchasing managers’ index and construction spending. Institute of Supply and Management and also released its manufacturing data and figure on prices paid.

On Wednesday, data on vehicle sales, MBA mortgage applications, unit labor costs and non-farm productivity will be published in United States while in the euro zone, Italy, France and Germany will release its figures on purchasing managers’ index for services sector while a separate PMI for services sector will be released for the euro zone. The single currency region will also publish its data on retail sales.

On Thursday, September 6th, 2012, data on gross domestic product, household consumption, government expenditure and gross fixed capital will be released in the euro zone while the European Central Bank will announce its interest rate decision. Germany will also report data on its factory orders. In United States, official data on job cuts, consumer outlook index, employment change, initial jobless claims, continuing claims and manufacturing data by Institute of Management and Supply will be published. Moreover, the Energy Information Administration will release its weekly inventories report on crude oil, gasoline, distillates and natural gas.

On Friday, September 7th, 2012, Germany is expected to report its data on wholesale price index, trade balance, labor costs, current account, imports, exports and industrial production. In United States, data on change in manufacturing payrolls, full time employment change, unemployment rate, average hourly earnings, change household employment, underemployment rate, change in private payrolls and change in average hourly earnings is to be released.

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EUR/USD Outlook For the Week Ending August 31st, 2012


Major factors to affect the trading of the pair EUR/USD  for the week ending August 31st, 2012 are as under:

On Monday, August 27th, 2012, data on Germany’s import price index, IFO expectations, IFO current assessment and IFO Business Climate was published. France reported net change in jobseekers data. In United States, Dallas’s Federal Reserve reported its manufacturing activity.

On Tuesday, August 28th, 2012, Gfk consumer confidence survey was published in Germany while data on M3 money supply was reported for the euro zone. In United States, S&P/Case-Shiller home price index and S&P/Case-Shiller composite 20 index was released. Data on consumer confidence and manufacturing index was also reported in the US.

On Wednesday, August 29th, data on consumer price index will published in Germany while in the United States, several indicators are expected which will include data on MBA mortgage applications, core personal consumption expenditure, gross domestic product figure, data on personal consumption and data on pending home sales. US Federal Reserve will publish its Beige book economic survey while US Energy Department will report inventories data for crude oil, gasoline and distillates.

On Thursday, August 30th, 2012, Germany will report its unemployment rate and data on unemployment change. In the euro zone, data on services confidence, industrial confidence, economic confidence, consumer confidence and business climate indicator is to be published. United States will report its data on continuing claims, initial jobless claims, personal consumption expenditure, personal spending and personal income. Kansas City Federal Reserve reported its data on manufacturing activity while Energy Information Administration will report its data on natural gas supplies.

On Friday, August 31st, 2012, data on retail sales will be reported in Germany while Italy will come up with figure of unemployment rate. In the euro zone, data on consumer price index and unemployment rate is expected. Moreover, International Monetary Fund’s official Lagarde will address at Jackson Hole Economic Policy Symposium.

In United States, data on factory orders and Chicago’s purchasing managers’ index is to be reported while University of Michigan will publish its report on consumer confidence. US Federal Reserve’s Chairman will also address at Jackson Hole Economic Policy Symposium.

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EUR/USD Outlook for Week Ending July 6th


Weekly outlook for the pair EUR/USD for the period ending July 6th, 2012, are as under:

On Monday, July 2nd, Italy, France and Germany released their purchasing managers’ index for manufacturing sector while separate PMI was reported for the euro region.  Moreover, unemployment rate for the euro zone and Italy was reported. In United States, data on ISM manufacturing, ISM prices paid, construction spending and PMI was published. Further US Federal Reserve’s official Williams addressed at an event in San Francisco.

On Tuesday, the euro zone reported its producer price index while in United States data on factory orders and New York’s ISM was published.

On Wednesday, July 4th, 2012, markets in United States remained closed in observance of Independence Day while In the euro zone, PMI for services sector was released in Italy, France and Germany. A separate PMI composite was released in the euro zone along with data on retail sales. Italy also reported its deficit to GDP ratio.

Today on Thursday, in the euro zone, Germany came up with data on factory orders while the European Central Bank released its interest rate decision. In the United States, data on MBA mortgage applications, job cuts, ADP employment change, continuing claims, initial jobless claims and data on ISM’s non-manufacturing composite index is to be reported. Moreover, the Energy Information Administration is expected to release its report on crude oil, gasoline and distillates inventories.

On Friday, July 6th, 2012, Germany will report its data on industrial production in the euro zone. In United States, data on household employment change, net change in employment, change in manufacturing payrolls, unemployment rate, average hourly earnings, private payrolls, non-farm payrolls, underemployment rate, average weekly hours and participation rate will be reported. Moreover, the EIA will release its report on natural gas inventories.

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EUR/USD Outlook For the Week Ending June 15th


Weekly outlook for the pair EUR/USD for the period ending June 15th, 2012 is as under:

On Monday, France reported its data on industrial production and manufacturing production in the euro zone. Italy also reported its official figures on gross domestic product. In United States, US Federal Reserve’s officials, Lockhart and Williams gave an address on US economy in Chicago and San Francisco respectively.

On Tuesday, June 12th, 2012, France reported its data on non-farm payrolls while Germany published its outlook on manpower employment for the third quarter. The European Central Bank also released its financial stability review on Tuesday. United States came up with data on import price index, NFIB small business optimism and economic optimism. US monthly budget statement was also presented while the US Fed’s official Tarullo spoke on shadow banking in San Francisco.

On Wednesday, June 13th, 2012, data on consumer price index is expected in the Germany while the euro zone is to release its data on industrial production. In United States, several reports will be published including data on MBA mortgage applications, advance retail sales, producer price index and business inventories. The Energy Information Administration is also expected to report its inventories report on crude oil, gasoline and distillates.

On Thursday, June 14th, 2012, Germany will report its data on wholesale price index while Italy will produce its data on general government debt. Data on labor costs and consumer price index will be published for the euro zone while the European Central Bank will release its monthly report for June. In the United States, data on initial jobless claims, current account balance, continuing claims, consumer price index and natural gas supplies data by EIA will be published.

On Friday, June 15th, in euro zone, data employment, trade balance and new cars registrations is expected. United States will come up with data on long term TIC flows, manufacturing data, capacity utilization, industrial production and confidence index by University of Michigan.

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Outlook for the Pair EUR/USD for the Week Ending May 4th


Major economic events to affect the trading of the pair EUR/USD for the week ending May 4th, 2012 are as under:

On Monday, Germany reported its data on retail sales while Italy released its data on consumer price index. Spain released its official figure on gross domestic product while the euro zone region reported its separate data on M3 money supply and consumer price index estimate. On the other hand in United States, data on personal consumption expenditure, retail sales, personal spending, personal income and Chicago’s purchasing mangers’ index was published. Moreover, Dallas Federal Reserve also published its data on manufacturing activity.

Today on Tuesday, United States reported its data on ISM’s manufacturing data and construction spending while US Federal Reserve’s official Lockhart spoke on monetary policy at an event.

On Wednesday, May 2nd, 2012, Italy will release it purchasing managers index for manufacturing sector along with data on budget balance. France and Germany are also expected to report their data on purchasing managers index. Germany will report its data on unemployment rate and unemployment change while the euro zone will report its separate data on purchasing managers’ index and the unemployment rate.USA will release several reports including data on MBA mortgage applications, ADP employment change, factory orders, ISM for New York and inventories data for crude oil, gasoline and distillates by US Department of Energy.

On Thursday, single currency region will report its data on PPI while the European Central Bank is to release its decision on its interest rate. United States will report its data on non-farm productivity, unit labor costs, initial jobless claims, continuing claims, ISM’s non manufacturing index and data on natural gas supplies by Energy Information Administration. Moreover, US Federal Reserve’s official will also address on US economy at an event at Santa Barbara.

On Friday, Italy, France and Germany are expected to published their PMI for services sector while euro zone will publish its separate report on PMI services. The single currency region is also to release its data on retail sales on Friday. United States will report its data on average hourly earnings, household employment, change in manufacturing payrolls, change in nonfarm payrolls and unemployment rate.

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