VIDEO: Weekly outlook for EUR / USD
The future of the euro area economy is becoming more and more embarrassed. Leading German ZEW indicator, which expresses the views of economists for the German economy in the next six months, on Tuesday brought worse outlook for the largest economy in the common monetary union. Europe has yet inflation under control and so will depend on how the current economic climate chief expresses ECB - Mario Draghi. He will speak on Tuesday afternoon in the European Parliament. Will be crucial mainly ECB's position on the current economic situation in the euro area and the potential adaptation of monetary policy of the Bank, especially interest rates.
The main event of this week's two-day meeting of G20 finance ministers, who will be looking for the perfect balance between fiscal savings and economic stimulus programs, which have a fundamentally different view of the U.S. and Germany.Will also be discussed monetary policy, Japan is at loggerheads with the U.S. and Europe. After the Japanese are required to submit materials to prove that the land of the rising sun plans to restore its economic growth through other programs besides monetary easing. Tokyo will also have to persuade others that the aim of weakening the yen is not to favor domestic exporters to the United States or Europe.
In the U.S. earnings season is in full swing. This week will report 70 companies on the U.S. stock index, SP 500 Most important, the data from the financial sector. The macroeconomic numbers we attract mainly data from the housing market and industrial activity.
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