The EU summit from Thursday to Friday may be the most important thing this week as the EU leaders will gather to discuss a lot of controversial issues such as migration, trade war, Brexit and the EU’s long-term budget, according to analysts at Nordea Markets. Key Quotes “For a while, “completing the Banking Union” was expected to be the hottest topic at the summit, but as time has moved closer, it has become evident that a summit resulting in noticeable reforms is unrealistic.” “Still, the summit could prove to be somewhat of a market mover as a weak final message from the EU leaders would add fuel to the lately de-integrating sentiment in the Euro area after the Italian worries. Thus, the EU summit risks spell more trouble for the EUR and widen the intra-Euro-area bond spreads.” “On the data front, it is the big inflation day on Friday as both Euro-area and US Core PCE Prices (Fed’s preferred inflation gauge) are released. Although both numbers may attract less attention than usual due to the ECB’s and Fed’s recently changed communication of respectively the net asset purchase programme and the number of hikes expected in 2018, the numbers could add to the story of diverging inflation and central banks. Thus, we do not expect to see any acceleration in Euro-area core inflation while US inflation will remain close to target. Our EUR/USD view over the summer is currently pretty simple. Diverging inflation outlooks mean diverging central bank outlooks and lower EUR/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 USD/JPY off lows, still in red just above mid-109.00s FX Street 5 years The EU summit from Thursday to Friday may be the most important thing this week as the EU leaders will gather to discuss a lot of controversial issues such as migration, trade war, Brexit and the EU's long-term budget, according to analysts at Nordea Markets. Key Quotes "For a while, "completing the Banking Union" was expected to be the hottest topic at the summit, but as time has moved closer, it has become evident that a summit resulting in noticeable reforms is unrealistic." "Still, the summit could prove to be somewhat of a market mover as a weak final message… 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.