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Webinar: Euro-Zone PMIs Point to Economic Growth, Euro Strength

Webinar: Euro-Zone PMIs Point to Economic Growth, Euro Strength

Martin Essex, MSTA, Analyst

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)

Webinar: Euro-Zone PMIs Point to Economic Growth, Euro Strength

Chart by IG

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

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