Eurozone data
- ZEW economic sentimentin Germany, fact -13.7, forecast -20.1.
- Eurozone GDP (y / y), fact 2.2%, forecast 2.1%.
- The volume of industrial production in the euro area (m / m), fact -0.7%, forecast -0.3%.
The report on the eurozone was more positive, but not without negative indicators. Industrial production slowed noticeably in June after growth. Positive factors remain optimistic expectations about the eurozone’s GDP, which indicate the possibility of growth in the euro-zone economy.
Preliminary GDP of the eurozone (y / y)
The dynamics of the euro and the market as a whole largely depends on the general mood in the market and the dynamics of the American dollar. The US dollar index found support near the level of 96.20 and is trying to resume growth. Restricting to the mark of 96.50.
The US dollar index chart. The current price is 96.40 (10-year government bonds yield is a blue line)
Read also: “Fundamental analysis: The labor market and its impact on the dynamics of the national currency”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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