EUR High Impact

ECB Interest Rate Announcement

Market impact: High Impact

Measures: Changes in the short term interest rate.
Use: Changing the interst rate is a double edged sword. On the one hand Lowering rates can spur economic growth but may increase inflationary pressures. On the other hand, increasing rates slows inflation but can halt growth. Because the ECB interest rate is fundamentally the return investors receive while holding EUR, changes in rates affect the exchange rate of the Euro.
Released: About 11:45 GMT, twice a month
Data Source: European Central Bank

Trade Balance

Market impact: High Impact

Measures: The difference between the value of exports and imports in the Euro-zone.
Use: A positive Trade Balance is good for a currency (EURO), especially if it has a rising trend.
Released: 09:00 GMT, about 50 days after reporting month
Data Source: Eurostat

German Current Account

Market impact: High Impact

Measures: The sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Use: Current Account summarizes the economic transactions of an economy with the rest of the world. A positive trend of Current Account surpluses may lead to an appreciation of the EUR, as trade, income and transfer payments normally reflect EUR flowing into the Germany and vice versa.
Released: 06:00 GMT, second week of every month
Data Source: Deutsche Bundesbank Statistik

German Trade Balance

Market impact: High Impact

Measures: The difference between the value of exports and imports in Germany
Use: German Trade Balance is very important since Germany is Europe's largest economy and very export oriented. A positive Trade Balance is good for a currency (EUR), especially if it has a rising trend.
Released: 06:00 GMT, beginning of each month
Data Source: Statistische Bundesamt Deutschland

French Current Accounts

Market impact: High Impact

Measures: The sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Use: Current Account summarizes the economic transactions of an economy with the rest of the world. A positive trend of Current Account surpluses may lead to an appreciation of the EUR, as trade, income and transfer payments normally reflect EUR flowing into the Germany and vice versa.
Released: 06:45 GMT, third week of the following month
Data Source: Institut National de la Statistique et des Études Économiques

Gross Domestic Product (GDP)

Market impact: High Impact

Measures: The total value of goods and services produced in the Euro-zone.
Use: GDP is the most comprehensive measure of activity and the primary measurement of the economy's health. Robust GDP growth is indicative of increasing economic activity, which is normally positive. However, economic growth raises concerns about inflation, which can lead to an increase in ECB's interest rate. Thus, positive GDP values are usually bullish for a currency,and negative readings are bearish.
Released: 09:00 GMT, quarterly
Data Source: Eurostat

German Gross Domestic Product (GDP)

Market impact: High Impact

Measures: The total value of goods and services produced in Germany.
Use: GDP is the most comprehensive measure of activity and the primary measurement of the economy's health. GDP growth is indicative of increasing economic activity, which is normally positive. However, economic growth raises concerns about inflation, which can lead to an increase in ECB's interest rate. Thus, positive GDP values are usually bullish for a currency,and negative readings are bearish.
Released: 06:00 GMT, quarterly
Data Source: Statistische Bundesamt Deutschland

French Gross Domestic Product (GDP)

Market impact: High Impact

Measures: The total value of goods and services produced in France.
Use: GDP is the most comprehensive measure of activity and the primary measurement of the economy's health. GDP growth is indicative of increasing economic activity, which is normally positive. However, economic growth raises concerns about inflation, which can lead to an increase in ECB's interest rate. Thus, positive GDP values are usually bullish for a currency,and negative readings are bearish.
Released: 06:40, quarterly
Data Source: Institut National de la Statistique et des Études Économiques

ZEW Economic Sentiment

Market impact: High Impact

Measures: Investor sentiment in the Euro-zone.
Use: Measures the difference between positive and negative investors. A value of 0 indicates a neutral investor sentiment.
Released: 09:00 GMT, mid-month
Data Source: ZEW

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