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The euro is in for a busy week as ECB’s Lagarde takes center stage and Brexit talks heat up.

I’ve got a list of potential market movers that might affect the euro in the next few days.

Read up!

Lagarde’s speeches

  • Last week European Central Bank (ECB) President Christine Lagarde hinted that the central bank will follow the Fed’s footsteps in letting inflation overshoot its targets for a while
  • The head honcho will speak in an online CEO Summit hosted by the Wall Street Journal (Oct 6, 8:35 am GMT)
  • Lagarde will also participate in a panel discussion (Oct 6, 1:00 pm GMT) and an online forum (Oct 7, 12:10 pm GMT)

Germany’s economic releases

  • As the region’s largest economy, EUR traders pay attention to Germany’s growth and activity indicators
  • Final Markit services (49.1 from 52.5) and composite (53.7 from 54.4) to be revised lower?
  • Factory orders (Oct 6, 6:00 am GMT) to gain by 2.3% after a 2.8% growth in July
  • Industrial production (Oct 7, 6:00 am GMT) to print 1.8% increase after 1.2% uptick in July
  • Trade surplus (Oct 8, 6:00 am GMT) to tighten from 18B EUR to 17.1B EUR?

Overall appetite for EUR

  • Progress on a Brexit deal would push EUR and GBP higher against their counterparts
  • Second wave of COVID-19 infections and shutdown concerns will continue to limit the euro’s gains
  • Trump’s COVID-19 infection and the U.S. VP debates can also influence EUR’s intraweek trends

CHF: eyes on USD and EUR

  • Switzerland isn’t printing top-tier news this week but last week’s report about the Swiss National Bank (SNB) spending 90B CHF in H1 2020 should limit CHF’s gains
  • Watch out for USD/CHF and EUR/CHF, which could move on U.S. election and Eurozone second wave headlines

Technical snapshot

  • SMAs are showing EUR/AUD’s short and long-term bearish trends
  • EUR remains above the 200 SMA against all but JPY on the daily time frame
EUR Forex Pairs SMAs from MarketMilk
EUR Forex Pairs SMAs from MarketMilk
  • EUR was most volatile against GBP, JPY, and the comdolls in the last seven days
EUR Forex Pairs Volatility from MarketMilk
EUR Forex Pairs Volatility from MarketMilk
  • CHF lost value against its fellow safe havens in the last 30 days
  • The franc gained the most against the pound and the comdolls during the time period
CHF Forex Pairs Performance from MarketMilk
CHF Forex Pairs Performance from MarketMilk
  • SMAs show CHF’s short and long-term bearish trend against NZD
  • Watch out for retracement or reversal opportunities on AUD/CHF and CAD/CHF
CHF Forex Pairs SMAs from MarketMilk
CHF Forex Pairs SMAs from MarketMilk

Missed last week’s price action? Read EUR & CHF’s price recap for Sept 28 – Oct 2!