Trade Balance. EU, 11:00 (GMT+2) 16 Jul

16Jul.202410:00

Trade Balance. EU, 11:00 (GMT+2)

At 11:00 (GMT+2) the EU will publish May trade balance data. This indicator captures the difference between the number of payments for exported and imported goods. A correction is expected from 15.0 billion euros to 17.0 billion euros, which could push the quotes of the European currency to strengthen its upward dynamics.

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16 Jul. 2024 10:00

The Centre for European Economic Research (ZEW) Survey on Economic Sentiment. EU, 11:00 (GMT+2)

July Economic Sentiment index from Centre for European Economic Research (ZEW) in the EU is due at 11:00 (GMT+2). The indicator reflects the difference between the shares of institutional investors and analysts who are optimistic and pessimistic. The index is expected to decline from 51.3 points to 48.1 points, putting pressure on the euro.

16 Jul. 2024 10:00

The Centre for European Economic Research (ZEW) Survey on Current Situation. Germany, 11:00 (GMT+2)

July Current Situation index from Centre for European Economic Research (ZEW) in Germany is due at 11:00 (GMT+2). The indicator reflects the prevailing sentiment among financial analysts in Germany, and the subject of the study are the most important indicators: inflation, interest rates, stock indices, exchange rates, and the price of oil. The indicator is likely to slow down the negative dynamics from −73.8 points to −73.0 points, still putting pressure on the euro quotes.

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