Free Trial

MNI ANALYSIS: EUR Negative Data.......>

EUROZONE DATA
EUROZONE DATA: MNI ANALYSIS: EUR Negative Data Surprises - While MNI sources
have played down the significance of the likely downward revision in ECB growth
forecasts today, initial signs of softening activity in the Eurozone and
heightened external risks could see markets giving these adjustments significant
attention.
* MNI Analysis finds Eurozone data have now delivered one of the longest most
sustained periods of negative surprises in the past 10-years, as measured by
Bloomberg's Economic Surprise Indicator, second only to the 2012 period..
* Historically, there has been a relationship between the trend in relative
European and US economic surprises and EURUSD, with a lag of a few months,
suggesting EUR may not be out of the woods yet.
* For full analysis check email at 1039BST or contact us.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.