18 Feb 2014
Flash: EUR/USD eyes on German ZEW data - UOB Group
FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group notes that Eurozone Q4 GDP rose 0.3% q/q, better than the 0.2% gain expected and up from 0.1% in Q3, with the better outcome has led to a higher EUR/USD, which is seen currently around the 1.3720 levels.
Key Quotes
“This week, the focus in the Euro area will be the flash PMI reports for February, which are due Thursday, alongside the flash estimate of the EC’s consumer sentiment index for February.”
“At the national level, the February German ZEW survey is due on Tuesday, followed by French inflation figures for January on Thursday. In the interim, we remain optimistic on the Euro, but further out, the single currency could be at risk from further easing measures from the ECB.”
Key Quotes
“This week, the focus in the Euro area will be the flash PMI reports for February, which are due Thursday, alongside the flash estimate of the EC’s consumer sentiment index for February.”
“At the national level, the February German ZEW survey is due on Tuesday, followed by French inflation figures for January on Thursday. In the interim, we remain optimistic on the Euro, but further out, the single currency could be at risk from further easing measures from the ECB.”