This week is full of low to mid-tier reports from the euro zone while the Swiss economy has a few up its sleeve, too. Take a look!
German IFO business climate index (Feb. 24, 9:00 am GMT)
- Leading indicator of economic health based on a survey of manufacturers, builders, wholesalers, services, and retailers
- February reading expected to fall from 95.9 to 95.0
- Figure has been climbing since September 2019 before falling in January this year
German preliminary CPI (Feb. 28)
- Considered a reliable indicator of overall inflation in the region since Germany is the euro zone’s largest economy
- Rebound of 0.3% is expected in February after earlier 0.6% decline
Swiss retail sales (Feb. 28, 7:30 am GMT)
- Primary gauge of consumer spending, which accounts for majority of overall economic activity
- Actual results have missed expectations in two of the last three months
Swiss KOF economic barometer (Feb. 28, 8:00 am GMT)
- Combined reading of 219 economic indicators related to banking confidence, production, new orders, consumer confidence, etc.
- Index is designed to predict the direction of the economy over the next six months
- Decline from 100.1 to 97.6 is eyed for February
Technical snapshot
- Stochastic paints a mixed picture of euro pairs. EUR/CAD, EUR/CHF, and EUR/USD are looking bullish in the oversold region.
- Only EUR/JPY is indicating overbought conditions.
- Meanwhile franc pairs are also looking mixed based on moving averages.
- In particular, CHF/JPY and GBP/CHF are in bullish territory while the rest are showing bearish vibes.
