Only a bunch of low-tier reports is due from the euro zone and Swiss economy this week, so risk sentiment could steal the show once more. Here’s what’s up!
ECB head Lagarde’s speech (Feb. 11, 2:00 pm GMT)
- Chairperson Lagarde is due to give opening remarks at the presentation of the 2018 ECB Annual Report before the European Parliament
- Remarks related to ECB policy could push EUR pairs around, with dovish views likely to drag the shared currency lower
Low-tier and mid-tier euro zone data
- Euro zone Sentix investor confidence index due Feb. 10, dip from 7.6 to 6.1 expected
- Euro zone industrial production due Feb. 12, 1.8% slide expected
- EU economic forecast up for release on Feb. 13, 10:00 am GMT
- German preliminary GDP reading due Feb. 14, another 0.1% expansion eyed
- Euro zone Q4 2019 flash GDP due Feb. 14, another 0.1% growth figure expected
Low-tier Swiss data
- Swiss CPI due Feb. 10, 0.2% dip in price levels expected for January
- Swiss jobless rate also due Feb. 10, no change in 2.3% reading eyed
- Swiss PPI due Feb. 14, 0.2% uptick expected after earlier 0.1% gain
- Moving averages are showing that EUR pairs are mixed, with majority in bearish territory while EUR/AUD and EUR/NZD are looking bullish.
- Meanwhile franc pairs are mostly in neutral territory, with a handful veering closer to oversold conditions, except for USD/CHF left in the oversold region.
Missed last week’s price action? Read the EUR & CHF price recap for February 3 – 7!