EUR/USD: the main statistical reports that could influence the euro or dollar this week

Another busy week once again awaits the EUR/USD pair in terms of reports in the economic calendar.

Yesterday, traders had the opportunity to see the German IFO Business Climate report come in higher than expected for the month of February, although it didn't really support the euro that much.

As we do every week, here's an update on the upcoming events that are likely to influence the pair:

Today:

In the afternoon, US Consumer Confidence will be monitored according to the Conference Board at 16:00. The consensus forecasts a slight increase to 133 points after 132.1 points the previous month.

Wednesday, 26 February

Here, the focus in Europe will be on a speech by ECB President Lagarde at 14:30.

In the United States, it is home sales, expected at 16:00, that will attract the most attention. The consensus is for a rebound of +3.6% after -0.3% previously.

Thursday, 27 February

On this day, attention will be mainly focused on the United States, starting with Durable Goods Orders at 14:30. Economists expect a -1.6% decline after +2.5% the previous month.
Meanwhile, the 2nd estimate of US GDP for the last quarter of 2019 will be monitored, and growth is expected to remain unchanged at 1.9%.
Finally, the promises of home sales at 16:00 will also be likely to influence traders, and are expected to jump by 3% after -5% the previous month.

Friday, 28 February

The last day of the week will start with the German unemployment figures for February at 9:55 in the morning. The number of unemployed is expected to rise by 3k after -2k previously, with the unemployment rate expected to remain stable at 4.9%.

Germany's Preliminary CPI for this month will then be expected at 14:00, and is expected to show 0.3% after -0.5% previously estimated.

At 14:30, US household spending for last month is expected to rise by 0.3% just as in the previous month.

At 15:45, the Chicago PMI for February will then be the main driver for the greenback. The consensus forecast is for a rise to 46 points after 43 points in January.

Finally, the last economic indicator of the week to watch for the eurodollar pair will be the University of Michigan's Consumer Confidence Index for this month. It is expected to be unchanged from the first estimate at 101 points.