EUR/USD: 4 macro-economic events this week that could affect the eurodollar pair

From the point of view of macro events and the economic calendar, Monday was rather light in terms of macro-economic data releases that could potentially influence the EUR/USD, and other currency pairs.

However, the rest of the week will be marked by several key events.

You will therefore find below our selection of the most important events for the week:

Tuesday, 10 December

The first key statistics of the week will therefore be the ZEW German Business Climate Index of December. The consensus of economists anticipates a recovery to 0.3 points, after -2.0 the previous month, which would be the first return of the index to positive territory since April.

Wednesday, 11 December

Wednesday, the most important event will be the Fed meeting. But even if the FOMC statement and Mr. Powell's words will be analysed closely as always, no decision is anticipated.

The Fed has indeed clearly indicated its intention not to lower rates any further for the time being, and last week's excellent US employment report should only strengthen its position.

Thursday, 12 December

After the Fed, it's time for the ECB. No monetary policy decisions are anticipated, but this meeting could still reveal surprises, as it will be the first meeting chaired by France's Mrs. Lagarde, and her first post-meeting press conference. Traders are looking forward to finding out how Lagarde will behave, what language she will use, and whether clues about future decisions will be released.

Friday, 13 December (Friday the 13th!)

Finally, the week will end with US retail sales for last month, for which economists expect a 0.4% increase, after +0.3% the previous month.

Note that this article presents a selection of the most important events of the week. For a complete list of all the economic indicators expected in the coming days and beyond, take a look at our real-time economic calendar.