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Got a handful of medium-tier reports from the euro zone this week and a few low-tier ones from the Swiss economy. Here’s what you should look out for.
German Ifo business climate index (Jan. 27, 9:00 am GMT)
- Leading indicator of economic health based on survey of 7,000 businesses
- Improvement from 96.3 to 97.1 eyed for January
- Index has been climbing since September 2019
Euro zone preliminary GDP and CPI readings
- German preliminary CPI due Jan. 30, decline of 0.6% eyed
- French preliminary CPI due Jan. 31, 0.5% drop expected
- Euro zone headline CPI flash estimate to tick higher from 1.3% to 1.4%
- Euro zone core CPI flash estimate to dip from 1.3% to 1.2%
- French flash GDP to show another 0.3% expansion
- Spanish flash GDP to print another 0.4% growth figure
Flash PMI readings (Jan. 24, starting 8:15 am GMT)
- French flash services PMI to dip from 52.4 to 52.2, reflecting slower expansion
- French flash manufacturing PMI to tick higher from 50.4 to 50.5
- German flash services PMI to climb from 52.9 to 53.2 to signal faster growth
- German flash manufacturing PMI to rise from 43.7 to 44.6
- Euro zone flash services PMI to improve from 52.8 to 52.9
- Euro zone flash manufacturing PMI to climb from 46.3 to 46.9
Low-tier Swiss data
- Credit Suisse economic expectations index due Jan. 29
- KOF economic barometer due Jan. 30, uptick from 96.4 to 96.5 expected
- Swiss retail sales due Jan. 31, 0.4% increase eyed after earlier flat reading
Technical snapshot
- Stochastic indicates that most euro pairs are in oversold territory, with EUR/CHF and EUR/USD looking very bullish.
- RSI confirms that EUR/CHF is oversold, along with AUD/CHF.
Missed last week’s price action? Read the EUR & CHF price recap for January 20 – 24!
