Little in the data front in Euroland today – Danske Bank

By FXstreet.com | July 07, 2014 AAA

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Anders Lumholtz remarks today’s events in the euro area.



Key Quotes



“A fairly light global calendar”.



“In the euro area we expect German industrial production to have decreased slightly. German Ifo has weakened a bit and also the factory orders released on Friday showed a decrease. German industrial production has shown solid readings during Q1 and we expect the near-term weakness to be a soft patch and growth to pick up during H2”.



“The sentix investor confidence is the first July print that is being released”.



“This indicator tends to have little market impact as the direction in general is more correlated with market sentiment than economic activity”.



“We expect a minor decrease as euro-area data releases have been surprising on the downside lately. This is also reflected in the surprise index that has dropped to around a one-year low”.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY in no mood for deep decline; settled at 108.80
    Forex News

    USD/JPY in no mood for deep decline; settled at 108.80

  2. EUR/USD attempts to develop upside correction
    Forex News

    EUR/USD attempts to develop upside correction

  3. Pound has room to extend latest gains - JPMorgan
    Forex News

    Pound has room to extend latest gains - JPMorgan

  4. USD positioning largely unchanged in the lead-up to FOMC - ANZ
    Forex News

    USD positioning largely unchanged in the lead-up to FOMC - ANZ

  5. EUR/USD bears in full control - JPMorgan
    Forex News

    EUR/USD bears in full control - JPMorgan

Trading Center