The Euro remained strong in the last week and reported the highest weekly gains versus the US dollar in last two years. The pair EUR/USD surged 3.81 percent in the last week to reach 1.3456 on Friday which also happens to be its highest weekly gains in last two years.
The events and factors for the next week that could affect the trading of the pair EUR/USD are as follows:-
On Monday January 17th, 2011 all market in United States will be closed due to Martin Luther King Day. However on January 18th, 2011 official data on manufacturing activity and balance of domestic and foreign investment will be released.
A research report on German consumer sentiment will be published by ZEW Center for Economic Research in euro zone on Tuesday, January 18th, 2011,
On January 19th, 2011 euro zone will release its report on current account where US will release the construction data by reporting its building permits.
On Thursday January 20th, 2011 the ECB will release its detailed analysis on current and future economic conditions and a report on consumer confidence while Germany will publish its report on producer price inflation.
In United States report on jobless claims, data on home sales and manufacturing activity in Philadelphia will be published.
On Friday January 21st, 2011 a research report on German business climate will be published by Ifo Institute for Economic Research.
About the Author
Daily forex trading news written by Rehan from DailyForexTrade.com
