Home/Newsfeed

Eurozone Optimism Grows in 2018

Share Print 0

Europe’s growth resurgence is showing little sign of losing steam yet and economists have taken notice.In Bloomberg’s monthly survey, the first of the year, respondents bumped up their 2018 outlook to 2.2 percent, close to the decade-high 2.4 percent pace estimated for last year. The optimism is in contrast to the muted view at the start of 2017. Economists back then saw momentum slowing, but had to keep upgrading projections to keep up with the economy’s performance.The 19-nation region has started the year with a string of positive numbers, including stronger business sentiment in Germany and France, its biggest economies. Having long cast off its “sick man” tag, the improvements have given fresh impetus to the European Central Bank’s hawkish policy makers to push for an end to crisis-era stimulus.

Source: Euro-Area Economic Boom to Roll On After Strong Start to ’18 – Bloomberg

FX Traders are not impressed by surging US CPI.

Canadian Dollar Caught Between Hot Economy and Cold NAFTA

U.S Core CPI Posts Largest Increase in 11-Months

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

@@craig_forex

Back to Top