Europe’s main inflation and employment data, PMI’s from various countries as well as US and Eurozone’s Consumer Confidence indicator’s in focus.
This article is originally referred from IronFX News.
Next week’s market movers
- Germany’s, France’s and Eurozone’s inflation data are expected to draw some focus.
- Attention will be given also to UK and US Manufacturing PMIs
- Some market focus will also be shifted towards Germany’s, Eurozone’s and Japan’s Unemployment rates.
On Monday, no major events are expected.
On Tuesday, during the European morning, Eurozone’s consumer confidence indicator for February is to be released. The indicator is forecasted to drop to 0.1 compared to previous reading of 1.4. EUR could weaken as the drop is significant and is the first time the indicator has dropped since July 2017. Please be advised that the indicator had also dropped in February 2017 and 2016, hence the market may be expecting it to rebounce the following month as it did in previous years. Later on, Germany’s preliminary HICP rate for February is due out. The rate is forecasted to decelerate to +1.3% year on year (yoy) compared to previous reading of +1.4% yoy.
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Original Source: IronFX News