subject: Market Data Releases - Driver of the Euro? Will it Outweigh Ongoing Debt Concerns? [print this page] Market Data Releases - Driver of the Euro? Will it Outweigh Ongoing Debt Concerns?
When seeking to achieve the best exchange rates, currency experts like ourselves, speculators and investors will look to data releases as indicators of where economies and hence currenciesare going. The performance or indeed anticipated performance of different economies can and does affect the performance of currencies. For example the release of GDP (Gross Domestic Product) figures for the UK will normally affect the pound. In October GDP figures released showed that the UK's economy had not shrunk as much as expected and the pound rallied. The significance of data can be attributed to various factors such as the type of release, it's relevance to the current market and ongoing wider political concerns.
This week sees many data releases for the euro which may affect the market and give rise to small spikes or troughs which will aid those looking to buy currency and want to secure the best exchange rates. As currency experts we are working all day with all the major currencies which gives us a unique insight and understanding into the inner workings of the market and an advantage as to state where the rates may go, which does save clients money.
Today we have Germany Factory Orders at 11 am. As the main economy in the eurozone it will be interesting to see how German manufacturing is performing.This will take us quite nicely to the German Trade Balance and Current Account figures on Wednesday at 7 am. If we took the peripheral economies alone they would not stand up to the markets in their dire economic situations and it is the Germanic umbrella in the eurozone which gives the markets confidence in the euro. Wednesday also sees Industrial Production figures for Germany, then Thursday and Friday sees Inflation Data sets for Germany as well as the UK.
These data sets will potentially offer small spikes for those with any currency requirements so why not get in touch with us to be kept up to date? The markets change every 2 seconds and whilst we endeavour to keep this page up to date, to update that often would be impossible!
The debt crisis is continuing with splits developing as to how to manage the crisis going forward. More bailouts or less bailouts? A common eurobond or not? The political ramifications are massive and as stated on this blog many times is a sign of the inherent problem in the eurozone. Having a single economic policy to manage such a varied multitude of economies will inevitably lead to problems. The uncertainty looks set to continue making clear predictions very difficult so why not speak tome today to be made aware of developments that could save you money.
