Partner Center
Find a Broker
The euro zone’s got a mix of medium-tier and top-tier reports this week while the SNB is due to print its foreign currency reserves data. What should you expect?
ECB head Lagarde’s testimony (Nov. 4, 6:30 pm GMT)
- Due to speak at the Publishers’ Night 2019 in Berlin
- First speech as ECB Chairperson, market watchers eager to hear her take on monetary policy
- In an earlier interview, Lagarde mentioned plans to heal ECB policy split with review
German factory orders & industrial production (Nov. 6 & 7, 7:00 am GMT)
- Factory orders to rebound by 0.1% in September after previous 0.6% drop
- Industrial production to slip by 0.3% after earlier 0.3% uptick
- Both reports came in weaker than expected for three out of the last five releases
SNB foreign currency reserves (Nov. 7, 8:00 am GMT)
- Considered an indicator of how the central bank is keeping CHF weak
- A large increase in foreign currency reserves suggests forex intervention
- Previous level at 777 billion CHF
EU Economic Forecasts (Nov. 7, 10:00 am GMT)
- Report contains updated economic forecasts for EU member states over the next two years
- Downgraded estimates could spur expectations of additional ECB easing
Technical Snapshot
- EUR/USD and EUR/CAD seeing overbought conditions
- EUR/AUD in oversold territory
- Long-term trend strength analysis of CHF pairs suggests GBP/CHF is strongly bullish while USD/CHF is bearish
Missed last week’s price action? Read the EUR & CHF price recap for Oct. 28 – Nov. 1!
