Another point for traders to be aware of is that over the past few days economic data releases have become important again, with the US retail sales and UK inflation figures both moving the markets. In the week ahead there are few official releases from the Eurozone but plenty of confidence figures that need to be monitored closely if trading the Euro.
The standout release is Monday’s Ifo index of German business confidence in February, which is followed Wednesday by French business confidence figures. Both German and French consumer confidence data are released Thursday, as are a batch of confidence numbers for the Eurozone as a whole. Clearly, signs that sentiment is improving in the Eurozone would help the Euro while any indication that confidence is flagging would damage it.
