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Forex Flash: EMU Leading Indicators need to improve to get off recession - Commerzbank

By FXstreet.com,  January 08, 2013, 04:41:00 AM EDT

FXstreet.com (Barcelona) - Commerzbank analysts point to market liquidity to explain the EUR/USD rise back to the 1.3100 mark, as no particular relevant data publications are expected for the rest of the week after the US labor market report. "Today the EU Commission's leading economic indicators are on the agenda for the euro zone. Analysts expect a moderate improvement, albeit at a low level", wrote analyst Lutz Karpowitz, pointing t the need of improvement in leading indicators so that the Eurozone comes off recession in H2 2013. "In this context the German data on order intake in November is also likely to be of interest, even though a notable mom fall can be expected. However this is mainly a reaction to the notable rise in October", Karpowitz added, expecting a 2% (MoM) and 1% (YoY) fall, despite the stabilized YoY market consensus.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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