Talking Points
- Euro-Zone economic confidence figures came in higher than expected in June.
- Nonetheless, the Euro eased back after the figures, with trading in the currency dominated by the prospects for Euro-Zone monetary policy.
- 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.
Confidence in the Euro-Zone economy was higher than expected in June and also above the figure for May. Still, the Euro slipped back after the figures as the EUR/USD exchange rate continues to be dominated by the outlook for monetary policy in the region.
In this webinar, I discuss the outlook for the currency before and after the figures, with a mention too of the DAX 30 index of leading German-listed stocks. Looking ahead, much will depend on future comments by European Central Bank President Mario Draghi who has signaled more confidence in economic recovery but no immediate withdrawal of monetary stimulus.
--- 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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