wrapper

From Eurozone, yesterday, Current Account data was released. The current account of the euro area recorded a surplus of €25.4 billion in January 2016. Analysts were predicting surplus of €26.3 billion. This reflected surpluses for goods (€27.6 billion), primary income (€4.7 billion) and services (€3.6 billion), which were partly offset by a deficit in secondary income (€10.5 billion).The 12-month cumulated current account for the period ending in January 2016 recorded a surplus of €316.1 billion, compared with one of €254.5 billion for the 12 months to January 2015. 

In the US session Existing Home Sales figures were published. Total existing-home sales dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February from 5.47 million in January, thus missing forecasts on decline to 5.34 million. Despite last month's large decline, sales are still 2.2 percent higher than a year ago. Lawrence Yun, NAR chief economist, says existing sales disappointed in February and failed to keep pace with what had been a strong start to the year.

 

From Eurozone, tomorrow, French and German Manufacturing and Services PMI figures will be released as well as German Business Climate and ZEW Economic Sentiment data. Analysts predict slight increase to 50.9 in German Manufacturing PMI and slight decline in Services PMI, while French PMI should remain unchanged. German Business Climate should rise to 106.1, while ZEW Economic Sentiment for Germany should edge up to 6.3, while Eurozone Sentiment should fall to 8.2. There will be no data releases in the US session.

 

Figures to watch:

 

French Flash Manufacturing PMI/ French Flash Services PMI (Tuesday 9:00)

German Flash Manufacturing PMI/ German Flash Services PMI (Tuesday 9:30)

German Ifo Business Climate (Tuesday 10:00)

German ZEW Economic Sentiment/ZEW Economic Sentiment (Tuesday 11:00)

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.