German industrial production (IP) surprised to the upside this month, but Eurozone IP was more muted and forward looking surveys suggest that 1H’18 activity will be sluggish and so, given downwards revisions to June’s core CPI in the region, there is little pressure on the ECB to act in haste, according to Tim Riddell, Research Analyst at Westpac. Key Quotes “Flash PMI, IFO and GfK confidence surveys may have some impact on ECB, but political tensions are likely to resurface (migrant and budget issues are merely on hold) after Europe’s summer and so will temper ECB’s stance.” “Trump’s NATO-related trip to Europe last week highlighted the Administration’s deep concern over US-EU trade. Trump’s hard stance may have been used to pressure EU to increase NATO contributions, but it also focussed attention on potential trade tariffs, especially the auto-sector.” “Impeding exports would weigh on already sluggish Eurozone activity and so pressure the lower bounds of EUR/USD’s potential 1.12-1.19 range given the continuing strength of USD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Bearish pressure remains unabated amid broad-based USD strength FX Street 5 years German industrial production (IP) surprised to the upside this month, but Eurozone IP was more muted and forward looking surveys suggest that 1H'18 activity will be sluggish and so, given downwards revisions to June's core CPI in the region, there is little pressure on the ECB to act in haste, according to Tim Riddell, Research Analyst at Westpac. Key Quotes "Flash PMI, IFO and GfK confidence surveys may have some impact on ECB, but political tensions are likely to resurface (migrant and budget issues are merely on hold) after Europe's summer and so will temper ECB's stance." "Trump's NATO-related trip… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
