eur / usd has finally embarked on a rebound last week and the lower n we have yet to take advantage of the higher prices to sell at a lower price. the underlying trend has been upward. the rise of the event was related to the decline in the euro concerns of catalonia. the movement was supported by the stagnation of the event, us inflation last friday. in sum, although a little, we had a relatively high volatility. in the event a event is not the event.
tuesday at 11:00 we have the german zew index event. the consensus we expected that the event is 20 index points in october to 17 above. an hour later there will be a need to monitor the event, inflation in the euro zone, which is expected to steady at 1.5% in september.
this event is almost all the time, we reserve for european economic this week. we will also have the production in germany on friday at 8:00. the consensus expects an increase of 2.9% year-on-year price compared to 2.6 per cent.
monday at 2:30 this event is the event’s empire state manufacturing index, which will lead the way. the consensus we expected a decline in the index, we 24.40 20.70 from above.
on tuesday he will be aware of price index of imports at 2:30 p.m. the event. the market is quite significant when the figures are lower than we anticipated. the figures for september should once again we show up. later, at 3.45 p.m. we have industrial production for the month of september. the consensus provides a monthly increase of 0.2% compared to – 0.8% previously.
wednesday. we have the permits and housing starts in the month of september. housing starts are expected to decline by 0.8%, after a steady in august.
thursday at 2:30 p.m. the event will be published; philadelphia manufacturing index. the event is expected to remain relatively stable; index for october 22 from 2 above.
this week will be friday, with existing home sales, which should further reduce. the consensus expects a decline of 0.9% in september to – 1.7% in august.
the eur / usd analysis
it is likely that the direction of the cross, the eur / usd remained unclear in the short term. we are of the view that the event is what mario draghi has given us to decide the process of event at the end of the event. the economic calendar, we are not very satisfied, the graphic form of the risk we take. if it is put in place, there will be room for a reduction of eur / usd.
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