Last week, the euro zone's economic calendar was peppered with a bunch of exciting reports but the price action of the EUR was a bit bland. This behavior could continue for another week since we've got a relatively light economic schedule ahead.
Today's itinerary has Sentix investor confidence at 8:30 am GMT and German factory orders at 10:00 am GMT. The gauge of investor confidence is projected to climb from -17.0 to -13.5. Meanwhile, German factory orders are expected to record a 2.0% increase after posting an impressive 4.5% uptick in the previous month.
The agenda for Tuesday is trade balance and industrial production figures from Germany. The trade surplus of euro zone's largest economy is expected to budge from 11.0 billion EUR to 11.1 billion EUR. Industrial production, on the other hand, is projected to be on the optimistic end as the consensus is a 1.6% uptick. Recall that industrial production was down by 0.1% in the previous month. If we see the expected rebound in industrial production, then the EUR might be able to make some headway.
Wednesday has only the German Final CPI, which is expected to record a 0.2% increase, on tap. On Thursday, we shift focus to euro zone's second largest economy as we look at French industrial production, non-farm payrolls, and trade balance figures. On Friday, the EUR chills out with a couple of low-impact reports, namely the German wholesale price index and Italian industrial
Today's itinerary has Sentix investor confidence at 8:30 am GMT and German factory orders at 10:00 am GMT. The gauge of investor confidence is projected to climb from -17.0 to -13.5. Meanwhile, German factory orders are expected to record a 2.0% increase after posting an impressive 4.5% uptick in the previous month.
The agenda for Tuesday is trade balance and industrial production figures from Germany. The trade surplus of euro zone's largest economy is expected to budge from 11.0 billion EUR to 11.1 billion EUR. Industrial production, on the other hand, is projected to be on the optimistic end as the consensus is a 1.6% uptick. Recall that industrial production was down by 0.1% in the previous month. If we see the expected rebound in industrial production, then the EUR might be able to make some headway.
Wednesday has only the German Final CPI, which is expected to record a 0.2% increase, on tap. On Thursday, we shift focus to euro zone's second largest economy as we look at French industrial production, non-farm payrolls, and trade balance figures. On Friday, the EUR chills out with a couple of low-impact reports, namely the German wholesale price index and Italian industrial
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