Euro zone heads north, but inflation slows

Euro zone heads north, but inflation slows

In the nearer week data should confirm the euro zone economy is going up, after the IMF upgraded surge forecasts and Greece got back to the debt market. Nevertheless, inflation figures could affect ECB plans to get down to tightening policy.

Surge in the single currency area dared to surpass paltry expansion in America and the United Kingdom during the first quarter and the pace didn’t cool in the April-June period.

The euro zone might not be surge champion in the second quarter, especially after the US economy rebounded to an annualized 2.6% due to consumer spending as well as business equipment investment.

Friday’s data unveiled that the euro zone's number two economy, France, added by 0.5% for a third successive quarter. Meanwhile, Spanish GDP got back to pre-crisis levels, offering a 0.9% expansion.

As compiled by the European Commission, in July, euro zone economic sentiment rallied for a third straight month, hitting a fresh 10-year maximum because of a pick-up of the prevailing services sector. As for confidence levels in all sectors, and for customers, they exceeded historical averages.

Similar

US earnings in January 2021: what you need to know
US earnings in January 2021: what you need to know

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

Latest news

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera