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Webinar: A First Look at Euro-Zone Q1 GDP

Webinar: A First Look at Euro-Zone Q1 GDP

2017-05-03 10:27:00
Nick Cawleyy,
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Talking Points

- Euro-Zone economy seen growing further.

- Political risks still weigh on the EUR.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

In this webinar we discuss the first estimate of Euro-Zone Q1 GDP and the potential impact on various trading pairs, both pre- and post-release.

The latest set of PMI indicators point to the Euro-Zone economy heading for the ‘sweet spot’ although a lack of inflation in the single-bloc continues to cause ECB President Mario Draghi concerns. Job creation in the Euro-Zone is at a 10-year high while manufacturing and services’ PMIs are at 6-year peaks.

We discuss the political outlook – including this weekend’s French elections and pre-Brexit skirmishes – and look at the longer-term view of the EUR against GBP, USD and JPY. While Emmanuel Macron is expected to win the French presidency, will he be able to rule effectively without support from other parties.

Chart: EURUSD: Daily Timeframe (January 6 – May 3, 2017)

Webinar: A First Look at Euro-Zone Q1 GDP

Chart by IG

--- Written by Nick Cawley, Analyst

To contact Nick, email him at Nicholas.cawley@ig.com

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