Significant events that could affect the trading of the Single currency against the US dollar for the current weeks are as follows:-
Today official report on industrial production was published in the euro zone. The respective data is considered as the key indicator of region’s economic health.
Tomorrow on Tuesday the official report on manufacturing activity in the New York State will be published along with data on import prices and balance of domestic and foreign investment. Moreover the Federal Reserve will also announce its federal funds rate on March 15th.
Comprehensive report on German economic sentiment will be published in euro zone by ZEW Center for Economic Research.
On Wednesday March 16th, 2011 the several reports will be published in United States which will include data on building permits, data on producer price inflation, housing starts and report on crude oil inventories. While in euro zone official report on consumer price inflation will be published.
On March 17th, 2011 United States will publish its report on initial jobless claims along with data on consumer price inflation, industrial production and capacity utilization rate. Moreover, US Federal Reserve Bank will report its manufacturing activity index. In the euro zone, markets in Italy will be closed in observation of national holiday.
On Friday March 18th, 2011 Germany will report its data on producer price inflation in the euro zone while Italy will report its data on trade balance. Official data on the euro zone’s trade balance and data on current account will also be reported in the region.
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Daily forex trading news written by Rehan from DailyForexTrade.com
