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A handful of low-tier reports are lined up from the Swiss economy and eurozone this week, including the flash CPI readings for June.

Here’s what you should look out for when trading euro and franc pairs:

Merkel-Macron meeting

  • Leaders of Germany and France are due to meet regarding the EU Recovery Fund
  • There’s still some pushback from the Frugal Four on giving the proceeds from common bonds away as grants instead of loans
  • Any indication that the details of the recovery plan could be finalized sooner than expected could be euro bullish

Low-tier euro zone data

  • German preliminary CPI (June 29) to show a 0.3% rebound in price levels
  • Spanish flash CPI (June 29, 8:00 am GMT) to print another 0.9% drop in prices
  • French consumer spending (June 30, 7:45 am GMT) to post 30% rebound
  • French preliminary CPI (June 30, 7:45 am GMT) to show a 0.4% increase in price levels
  • Eurozone flash CPI (June 30, 10:00 am GMT) to print a 0.1% dip in headline price levels and a 0.8% gain in core inflation
  • German retail sales (July 1) to indicate a 3.5% rebound in consumer spending

Low-tier Swiss data

  • Swiss retail sales (June 30, 7:30 am GMT) to reflect a 15% drop in spending
  • KOF economic barometer (June 30, 8:00 am GMT) to recover from 53.2 to 80.0
  • Swiss manufacturing PMI (July 1, 8:30 am GMT) to climb from 42.1 to 48.1
  • Swiss CPI (July 2, 7:30 am GMT) to show 0.1% uptick in inflation

Technical snapshot

  • Stochastic shows that euro pairs are mixed, with most stuck in the neutral zone
EUR Pairs Stochastic from MarketMilk
EUR Pairs Stochastic from MarketMilk
  • EUR/GBP is looking bearish in the overbought zone while EUR/CHF is in bullish territory
  • More CHF pairs are bullish according to the same indicator, particularly CAD/CHF, EUR/CHF, and GBP/CHF

Missed last week’s price action? Read the EUR & CHF price recap for June 22 – 26!