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Euro pairs might be off to a slow start for the week as the exciting economic reports won’t be out until Friday. Here’s what you should prep for.

ZEW Economic Sentiment Index (Mar. 18, 10:00 am GMT)

The ZEW economic sentiment surveys due at the start of this week might be worth watching out for if you wanna grab quick intraday pips. After all, these are leading indicators for the euro zone’s top dog and the region as a whole.

For Germany, the index is expected to have improved from -13.4 to -11.0 this month, reflecting a slightly lower degree of pessimism among institutional investors and analysts included in the survey. For the euro zone, a small improvement from -16.6 to -15.1 is expected as well.

Keep in mind that things haven’t exactly been on the up and up for the euro zone over the past few months, so any ray of sunshine could provide some relief for the shared currency. Another dismal figure, on the other hand, could keep the gloom and doom in play.

Flash PMI readings (Mar. 22, starting 8:15 am GMT)

The flash PMI figures from Markit due before the week comes to a close should have a bit more detail on business conditions in the manufacturing and services sectors of the top two nations in the bloc.

For the month of March, the German manufacturing PMI is expected to have climbed from 47.6 to 48.0 to signal a slower pace of contraction. Its services PMI is projected to have dipped from 55.3 to 54.8 to reflect a slower pace of expansion.

In France, the manufacturing PMI is slated to have dropped from 51.5 to 51.4 while the services PMI likely improved from 50.2 to 50.6. These could bring the region’s manufacturing PMI up from 49.3 to 49.6 and the services PMI down from 52.8 to 52.7.

One thing to remember about these reports is that they may have some positive momentum going for them as most printed gains in the past month. However, another round of dismal results might suggest that the earlier pickup was just a blip and that the slowdown continues to take hold.

SNB decision (Mar. 21, 8:30 am GMT)

The Swiss economy doesn’t usually have a lot of catalysts each week but when it does, it could potentially be a big one.

Now the SNB isn’t widely expected to make any monetary policy changes this time, but it’s important to note that these folks do have a knack for surprises.

While the franc seems to be at a safe distance from central bank intervention levels, there’s always the chance that SNB head Jordan might have some jawboning remarks up his sleeve.

Any threats to step in the forex markets to keep the franc weak could do just that, preventing the lower-yielding currency from taking advantage of any possible risk-off flows.

Missed last week’s price action? Read the EUR & CHF price review for March 11-15.