EUR/USD
Last week was a little better for the euro against the dollar because it demonstrated a positive course from Tuesday through Friday, after it was quite insecure on Monday. The opening price on Monday, August 23, was 1.2710, and the week closed at 1.2758. This week starts similar to the week before as the opening price was 1.2753 and is now falling down to the current 1.2712. Hopefully, it will quickly recover on Tuesday and take a positive direction again.
Tuesday
German Unemployment Change, 8:55 a.m. GMT. This is the change in the number of unemployed people during the previous month. Last time experts said it would decrease to -18K from -20K, but it remained the same instead. This time, they say will drop to -19K, which would be good for the currency if it does come true.
CPI Flash Estimate y/y, 10:00 a.m. GMT. The index shows the change in the price of goods and services. Hopefully, the predictions of a decrease from 1.7% to 1.6% won’t come true, as it will affect the economy in a negative way.
Unemployment Rate, 10:00 a.m. GMT. Again, this is the percentage of the total number of people who are eligible to work, but are currently unemployed. The number usually stays around 10.0%, and this month we don’t expect any change as the forecast is 10.0%.
Wednesday
German Retail Sales m/m, 7:00 a.m. GMT. The index is important because it directly reflects the course of consumer spending, which accounts for the majority of overall economic activity. The forecast for this month is from -0.3% to 0.6% which will be quite significant for the economy if it comes true.
Thursday
Minimum Bid Rate, 12:45 p.m. GMT. This index is of a high impact because it measures the interest rate on the main refinancing operations providing the bulk of liquidity to the banking system. The percentage is usually 1.00% and the forecast for this month is 1.00% again.
ECB Press Conference, 13:30 p.m. GMT. This is the primary method the European Central Bank President and Vice President use to communicate with investors regarding monetary policy. The conference covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation.
Friday
Retail Sales m/m, 10:00 a.m. GMT. The index measures the change in the total value of inflation-adjusted sales at the retail level. It is expected to increase from 0.0% to 0.3% which will give a positive effect on the economy.
