EU Economic Forecasts are eyed by traders

EU Economic Forecasts are eyed by traders

The EUR might be pressed down by EU Economic Forecasts on February 11 at 12:00 MT time. 

What will happen?

The European Commission will make a report on Thursday, where it will share its long-term economic outlook. This time, investors don’t expect to hear something encouraging from authorities as the EU heads for a double-dip recession. The International Monetary Fund downgraded its projections for the Euro Area from 5.2% to 4.2%. It was caused by rising infection cases, new virus variants, longer lockdowns, and, more importantly, vaccine delays. According to ECB President Christine Lagarde, the recovery will take much more time than it was initially expected. 

How to trade on EU Commission’s report?

  • If the European Commission gives positive economic projections, the EUR will rise. 
  • Otherwise – drop.

Instruments to trade: EUR/USD, EUR/JPY, EUR/GBP

Check the economic calendar



Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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