Here are the key factors to keep in mind today for Euro trades:

• Eurozone GDP: Forex traders will receive an important second-quarter GDP report out of the Eurozone today. Economists expected an increase of 0.4% quarterly while the more significant annualized figure is expected to rise by 1.3%. Forex traders can compare this to the previous quarter’s quarterly increase of 0.4% and annualized increase of 1.0%. Before the Eurozone report, forex traders will get a chance to look at individual Eurozone members with France, Germany and Italy in focus. Economists expect the French GDP to show a quarterly increase of 0.2% and an annualized increase of 1.1%. This can be compared to the first-quarter’s increase of 0.6% quarterly and 0.8% annualized GDP figure. The German GDP is expected to show a quarterly increase of 0.5% and an annualized increase of 1.6%. This can be compared to the first-quarter’s increase of 0.3% quarterly and 1.1% annualized GDP figure. The Italian GDP is expected to show a quarterly increase of 0.3% and an annualized increase of 1.5%. This can be compared to the first-quarter’s increase of 0.3% quarterly and 0.1% annualized GDP figure.
• Eurozone CPI: Economists expect the Eurozone CPI contracted 0.6% in July’s final report monthly and rose 0.2% annualized. Forex traders can compare this to the previously released CPI report which showed a monthly level of 0.0% and an annualized increase of 0.2%.

Here are the key factors to keep in mind today for US Dollar trades:

• US PPI: Expectations call for the July PPI to increase by 0.1% monthly and to contract by 0.9% annualized. Forex traders can compare this to the 0.4% monthly increase reported in June and the annualized contraction of 0.7%. The core PPI is expected to increase by 0.1% monthly and 0.5% annualized. Forex traders can compare this to the 0.3% monthly increase and the annualized increase of 0.8%. The PPI excluding food, energy and trade is expected to increase by 0.1% monthly and 0.7% annualized. Forex traders can compare this to the 0.3% monthly increase and the annualized increase of 0.7%.
• US Industrial and Manufacturing Production: Economists expect an increase of 0.3% in industrial production and 0.4% in manufacturing production for July. This can be compared to the increase of 0.2% in industrial production and 0.0% in manufacturing production reported in June. Capacity utilization is expected to increase to 78.0% from 77.8%.

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