eur / usd is we is unable to reach the last week, there were too few statistics on important events and event to event through the medium. but we a fundamental point of view, there are several reasons why the dollar failed to reach higher levels. the first is the event rate. in economic statistics, which will, in the event of inflation remains low, and the growth of wages, can we buy) anemic. (d) event; in others, the markets will we expect a rate increase in december, but which are not in line with the projections of the edf to 2018, 2019. it should also be noted that the consensus we expected that the tax reform is far less ambitious than we anticipated. this should, in any case, in fact, not having a lot of impact on the markets, we. we notice that we reduce taxes will only increase the debt, we in a rising interest rate environment. but the markets are suspended from the tax reform. keep it in tête : unless we increase taxes for the rich: wall street = increase in the value of the dollar. pending the outcome, this is what we will need to be monitored in the semaine economic calendar.
tuesday at 8:00 we have the german growth. gdp is expected to increase to 2.3% year-on-year, up from 0.8 per cent. a rebound sense after the revision in large decrease in t2 at 0.8%. keep an eye on the event. all decrease, which is likely, should weigh on the euro event. the consensus is 1.5% in october compared with september, stable. we will later at the event new economic sentiment index is expected to remain robust at 88 points in november. we have had 11 always growth figures for the euro area, as well as industrial production, which should we show it to – 0.6% for the month of september.
on wednesday at 8:45 a.m. the event will be the event (and inflation. the agreement provides for 1.2% y / y, unchanged from september.
on thursday, we will have the capability to the event; inflation; for the euro area as a whole to 11:00 and consensus on 1.4%. however, the ecb has warned that we we we expected to decline around the end of the event.
tuesday at 2:30 and keep an eye on the production of october we are a kind of event of the event indicator, and total cpi.
on wednesday, we will be the event of the month cpi we october is expected to decline to 2 per cent compared with 2.2 per cent. we will, at the same time. the retail sales. the agreement provides for a new increase of 0.2% from the strong growth of 1% in september. at 2:30 p.m. we will have an event for manufacturing empire state manufacturing index declined in october to 26 30.20. oil stocks will then impact to 4:30 in the afternoon, all the more that we were, what we are going to saudi arabia at the time, the price of a barrel of oil, we evolve significantly over the next few weeks, may impact on the pétrodollar…
thursday at 2:30 we have the philadelphia manufacturing index event for the month of november. again we expect a decline in 27) from above. we have a 3 month of industrial production of the event. a statistic that has lost its meaning as the multinationals are today in the pauvres…
on friday there will be a need to monitor the construction and issuance of construction permits. the figures are expected to remain stable in the event there is consensus.
eur / usd rebounded last week is not very consistent. this event is likely to be a consolidation, we lack of conviction behind him linked to the economic agenda. we will continue to keep the threshold as central line.
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