Talking Points
- Euro-Zone PMIs and the German Ifo index indicate a robust economy.
- The data suggest the ECB will reduce its monetary stimulus in due course, to the benefit of the Euro.
- Check out the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.
A batch of strong Euro-Zone forward-looking indicators released Tuesday has again highlighted the continuing strength of the bloc’s economy. That could lead, eventually, to a reduction in the monetary stimulus currently provided by the European Central Bank and contribute to a firmer currency.
In this webinar, I discuss the numbers before and after their release and what they could mean for EUR/USD and the Euro against GBP and JPY. I also look at the principal Euro-Zone stock market indexes: Germany’s DAX and France’s CAC 40.
Chart: EUR/USD Five-Minute Timeframe (May 23 Intraday)
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at martin.essex@ig.com
Follow Martin on Twitter @MartinSEssex
If you’re looking for trading ideas, check out our Trading Guides; they’re free and updated for the second quarter of 2017
If you’re looking for ideas more short-term in nature, check out the IG Client Sentiment Data
